The U.S. global trade deficit spiked from $78.9 billion in November to $98.4 billion in December, the U.S. commerce department reported.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Feb 11 2025
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TOP TREND 2025, THE TRUMP CARD—COST OF TRUMP’S TAX CUT WISH LIST: $5 TRILLION TO $11 TRILLION
Without offsetting spending cuts, president Donald Trump’s tax cut proposals will subtract somewhere between $5 trillion to $11.2 trillion from federal revenue through 2035, the private, nonpartisan Committee for a Responsible Federal Budget (CRFB) has calculated.
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U.S. CONSUMERS FEELING LOW
Early this month, U.S. consumers’ sentiment fell to its lowest point since August as more Americans expect inflation to rise again because they believe Donald Trump’s tariffs will jack up retail prices.
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JOB GROWTH AND UNEMPLOYMENT SLOW DOWN IN JANUARY
The U.S. economy created 143,000 nonfarm jobs last month, less than half of the 307,000 created in December, according to the Bureau of Labor Statistics’ upwardly revised December figure.
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ECONOMIC UPDATE—MARKET OVERVIEW
Two of our Top Trends for 2025 were the Trump Card and The Wild Card. And here we are, just a few weeks later and both cards have been dealt... and they will keep being played.