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U.S.& China Announce Limited Trade Deal – No New Tariffs

December 16, 2019 by Jonathan Custer

The U.S. and Chinese announced a very limited trade deal with the details still opaque and many appear to be negotiated.  Most important, the U.S. canceled plans to impose fresh tariffs on $156 billion in annual imports of Chinese-made goods—including smartphones, toys, and consumer electronics—that were set to go into effect Sunday. The U.S. will also slash …

UK Exit Polls Suggest Sweeping Conservative Victory

December 12, 2019 by Jonathan Custer

Still only exit polls but it does look like Boris Johnson and the Conservative Pary on brink of huge and sweeping victory and a large majority in Parliament, ensuring a BREXIT sooner rather than later.   The pound has jumped almost 3 percent against the dollar to 1.35. EXIT POLL: Conservatives projected to win election as …

Consumer Electronic Prices Still Lagging Increasing CPI Inflation

December 12, 2019 by Jonathan Custer

The BLS announced this morning the CPI rose 0.3 percent in November, increasing 2.1 percent over the last 12 months. The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.3 percent in November on a seasonally adjusted basis, after rising 0.4 percent in October, the U.S. Bureau of Labor Statistics reported today. Over the …

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