Timing is an issue as well, a probable lag between changes in the budget deficit and the trade deficit. A Cantillon delay effect is always a factor, though there is no knowing how long it takes for credit dilution to be fully reflected in higher prices. But we can be sure that when th...
Economic Update October 8, 2024 US Trade Deficit Narrowed in August From Retreats in Goods Deficit and a Broader Services Surplus • The U.S. goods and services trade deficit narrowed in August 2024. • The goods deficit fell due to a jump in goods exports and a decline...
WASHINGTON (Reuters) - The U.S. trade deficit in goods widened sharply in January, most likely as businesses front-loaded imports ahead of tariffs, potentially positioning trade to be a drag on economic growth in the first quarter. The goods trade gap surged 25.6% to $153.3 billion last mon...
The U.S. trade deficit in goods narrowed in May as imports declined, but the improvement was probably insufficient to prevent trade from being a drag on economic growth in the second quarter. However, this potential setback to gross domestic product (GDP
The US presidential election 2024The economic implications In a race focused on the economy and social issues, Harris vs Trump presents the electorate with stark choices - at least when it comes to the rhetoric. The implications for GDP growth and the fiscal deficit in the US are not as...
BYViktoria Dendrinou and Bloomberg August 12, 2024 at 3:42 PM EDT Interest costs in the first 10 months of the fiscal year totaled $956 billion, up 32% from 2023. Getty Images The US budget deficit exceeded $1.5 trillion with two months to go until the end of the f...
“The Bond Vigilantes may also be voting against Washington, figuring that no matter which party wins the White House and the Congress, fiscal policies will bloat the already bloated federal government budget deficit and heat...
Furthermore, UBS highlights mounting concerns about the ballooning US federal deficit, a factor they believe will weigh on the dollar regardless of who wins the upcoming presidential election. The prospect of increased tariffs under a potential second Trump administration could further strain the US ec...
On Tuesday, just before announcinghis intention to rename the Gulf of Mexico the Gulf of America, Trump once again noted that the United States has “a massive deficit with Mexico.” He plans to implement new tariffs or increase existing ones to combat trade imbalances between the United States...
Trump’s plan to extend tax cuts by the end of next year will likely turn the focus on the growing US budget deficit. This could cause long-term bond yields to surge. While we are wary of upside risks to bond yields in the near term, given Trump’s policy agenda, we forecast...