Saturday, January 11

Tag: imports

Jan102025 by adminNo Comments
Slow, stable United States task development seen in December

Slow, stable United States task development seen in December

Business
By Lucia Mutikani WASHINGTON (Reuters) - U.S. task development most likely slowed to a still-healthy clip in December while the joblessness rate held stable at 4.2%, enhancing the Federal Reserve's careful technique towards rate of interest cuts this year. The Labor Department's carefully viewed work report on Friday will most likely not be clouded by the weather condition and strike distortions that controlled in October and November. The labor market would be ending the year on strong footing, though worries are installing that promises by President-elect Donald Trump to enforce or enormously raise tariffs on imports and deport countless undocumented immigrants might hinder momentum. Those concerns appeared in minutes of the U.S. reserve bank's Dec. 17-18 policy conference released on W...
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Jan82025 by adminNo Comments
U.S. Dollar Faces Bearish Pressure as Trade Deficit Hits $78.2 B in November

U.S. Dollar Faces Bearish Pressure as Trade Deficit Hits $78.2 B in November

Business
On the export side, commercial materials and products contributed substantially, with a $4.3 billion increase driven by petroleum items and petroleum. Automotive exports grew by $1.9 billion, showing greater deliveries of automobile and trucks. Capital products likewise revealed strength, increasing $1.8 billion, led by airplane engines and equipment. Imports rose at a much faster speed. Item imports increased by $11.6 billion, with noteworthy contributions from commercial materials ($3.7 billion), capital items ($3.5 billion), and foodstuff ($1.4 billion). Greater semiconductor imports, in addition to petroleum and nonmonetary gold, signified strong domestic need. Year-to-Date Trade Trends For the year to date, the trade deficit expanded by $93.9 billion, up 13% from the exact same durati...
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