July marked the 121st month (just over 10 years) of the current economic expansion in the U.S. The longest period on record the U.S. has been absent a typical recession of two consecutive negative quarters of GDP growth. Read more →
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 →
The International Monetary Fund (IMF), projected a rebound in global growth in the second half of 2019. An important assumption in this forecast was an improving outlook for trade tension between the U.S. and China, which ebbed and flowed over the last couple of months.