Steve Wood Quotes
With imports now more than one third higher than exports, it will take a sharp reversal in these growth rates for the trade shortfall to narrow on a sustained basis. Although the U.S. economy is slowing and international economic activity is accelerating, it is unlikely that the trade deficit will narrow anytime soon.
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Imports | Higher | Exports | Sharp | Reversal |
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The (Federal Open Market Committee) will welcome this report but will need more evidence that the consumer spending slowdown will be sustained over the balance of the year.
- Steve Wood
