U.S. economy slows, while business investments stabilize

The new orders for key goods raised in June, suggesting several improvements in investment. However, economic growth is expected to have slowed in Q2. The U.S. exports became weaker as well as inventory build. Nevertheless, the longest economic expansion of the US remains supported by a robust labor market. Other figures showed the number of Americans filing claims for unemployment benefits fell down to three month low last week. The economy suffered from the trade war between China and the US and weakening growth abroad. Such factors are expected to make the Federal Reserve cut rates for the 1st time in ten years.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: