Inflation Drops to 2.1%, Personal Income Tripled Expectations, U.S. Trade Deficit Drops by 46 Percent - The Last Refuge
Self-interested Wall Street analysts and leftist economic ‘experts’ once again proven wrong. It is almost impossible to find any financial data review written objectively by media. Everything is skewed with a negative tone, yet the data clearly shows -just like 2017- President Trump’s...
theconservativetreehouse.com
Inflation Drops to 2.1%, Personal Income Tripled Expectations, U.S. Trade Deficit Drops by 46 Percent
[…] The goods trade gap contracted 46.0% to $87.6 billion last month, the Commerce Department’s Census Bureau said on Friday. Goods imports decreased $68.4 billion to $276.1 billion. Exports of goods increased $6.3 billion to $188.5 billion. (source)
Consumers benefit from lower gasoline costs, lower overall electricity costs and increased demand for labor within a growing economy that puts natural upward pressure on wages.
SUMMARY of Friday: Personal income jumped 0.8% this month, tripling expectations. The US trade deficit has been cut almost in half, the largest single-month narrowing of the deficit on record. U.S. core inflation falls to the lowest level in 4 years. The Supreme Court gives President Trump the green light to reverse Biden’s immigration influx of Venezuelans/Cubans/Haitians/Nicaraguans. And Volkswagen announced they are making a “massive” investment in the U.S to avoid tariffs.
