Tensions in foreign policy and customs peels are reflected in American industry.
The new company collapsed in April: the orders for long -term assets such as aircraft, electronics equipment or construction machinery fell by 6.3 percent compared to the previous month, as the Ministry of Trade announced on Tuesday. Economists had been investigated by Reuters adapted to an even thicker minus of 7.8 percent, after an increase of 7.6 percent in March.
“The strong decline of aircraft assignments is responsible for the big min, which should also have been taken due to the customs flices,” explains Helaba expert Ralf Umlauf. He points out that there was a small increase of 0.2 percent without the traffic sector susceptible to fluctuations. “Moreover, the uncertainty is increased because of the American foreign economic policy, and the American Federal Reserve does not indicate a hurry with regard to possible interest reductions,” the circulation added. In his opinion, the data may not push the expectations of the interest reduction again.
Despite the insistence of US President Donald Trump, the American federal federal banker Neel Kashkari warned to be patient in interest rate letings. The head of the central bank district of Minneapolis called for interest rates to keep the interest rates stable until there was more clarity about the effects of Trump’s customs policy. The Federal Reserve has left its most important interest unchanged against the reach of 4.25 to 4.50 percent.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
