June – July 2019

U.S. Economic and Market Highlights

The Economy:

  • The trade war between the U.S. and China took a turn for the worse in May. President Trump accused China of backpedaling on already agreed-upon commitments made in the negotiations, and increased tariffs on Chinese goods. China promptly responded with higher tariffs and negotiations appear to be at an impasse. Read more

April – May 2019

U.S. Economic and Market Highlights

The Economy:

  • First quarter GDP was revised downward to 3.1% from the 3.2% as previously reported, bringing the current expansion period to ten years, one of the longest in modern history.
  • Cumulative growth is still modest and global growth projections from the IMF’s World Economic Outlook have been revised downward since the October 2018 report.
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