By CD Media Staff | December 30, 2019
The U.S. trade deficit is shrinking thanks to President Trump’s trade policies. The number is the smallest trade deficit since POTUS was elected in 2016.
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The USD Goods Trade Balance (Nov) printed at -$63.19B vs -$68.75B consensus estimate.
In other economic news, Wholesale Inventories (Nov) PREL printed at 0.0 vs -0.3 estimate.
The Chicago Purchasing Managers’ Index (Dec) printed at 48.9 vs 48.0 estimate.
Pending Home Sales (YoY) (Nov) beat estimates at 7.4% vs 5.8% estimate.
Pending Home Sales (MoM) (Nov) printed at 1.2% vs 1.1% estimate.
Dallas Fed Manufacturing Index (Dec) missed, coming in at -3.2 vs estimate of 1.5.
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