U.S. Economic News
January 10, 2019
U.S. Economic Indicators
Initial jobless claims fell 17,000 to 216,000 last week. The four-week moving average increased 2,500 to 221,750. DOL Report
U.S. News
The Wall Street Journal reports that countries that are not involved in the U.S. and China trade conflict are waiting for both sides to reach a deal to avoid damage from a lengthy fight, despite many potentially benefiting from the dispute. Regions including South America and Southeast Asia have an opportunity to attract manufacturing exporters trying to avoid U.S. tariffs on Chinese products. WSJ
Nick Timiraos of the Wall Street Journal reports that Federal Reserve officials have signaled they are unlikely to raise interest rates for at least a few months while they assess the impact of recent market volatility on the U.S. economy. Despite voting unanimously to raise rates last month officials, were more cautious about their policy path. WSJ