U.S. Economic News
September 13, 2018
U.S. Economic Indicators
Consumer prices rose 0.2% in August (up 2.7% on the year). The “core” CPI, which excludes food and energy, edged up 0.1% in August and is up 2.2% on the year. BLS Report
Initial jobless claims fell 1,000 to 204,000 last week. The four-week moving average decreased 2,000 to 208,000. DOL Report
U.S. News
The Financial Times reports that new survey data show that three in five U.S. companies operating in China have already been hurt by the trade conflict between the two nations. One in three companies also report that they are considering relocating China-based manufacturing due to the tariffs. FT
According to the Wall Street Journal, the Trump administration is asking China to hold a new round of trade negotiations. However, trade experts caution that a new round of talks is unlikely to halt planned tariffs on a further $200 billion of Chinese imports. WSJ