China trade balance
Markets Accepting the Message that Fed Tapering Will Continue
February 12, 2014
Janet Yellen’s message had two parts. First, the onset of a rising federal funds rate remains far away and the economy remains vulnerable. Second, a measured pace of quantitative easing will not be halted except in the case that the economy seems to be veering sharply below expectations, that is toward recession. This message was […] More
Rare Chinese Trade Deficit
April 10, 2013
It’s been a pretty uneventful day so far. Main data development was news of a $884 million Chinese trade deficit in March that follows surpluses of $15.25 billion in February, $29.15 billion in January and $31.6 billion in December. On-year export growth slowed to 10.0% from 21.8% in February and 25.0% in January, while imports […] More
