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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: Dope1 ⎊  😊 😞
Number: of 84349 
Subject: Economic data
Date: 05/30/25 1:49 PM
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Number of things:

msn.com - U s trade deficit in goods plummets in april pointing to stronger second quarter GDP

The numbers: The U.S. goods deficit narrowed very sharply in April as foreign orders ground to a halt after President Donald Trump announced sweeping, higher tariffs.

The trade deficit in goods narrowed by 46% to $87.6 billion in April from a record $162.3 billion in March, according to the Commerce Department’s advanced estimate released Friday. That’s the narrowest trade gap since December 2023.

Basically, people loaded up on imported goods in Q1 then stopped orders.

cnbc.com - Inflation rate slipped to in april lower than expected feds preferred gauge shows

Economy
Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows

Consumer spending was down, but incomes were up 0.8%:

The personal consumption expenditures price index, the Federal Reserve’s key inflation measure, increased just 0.1% for the month, putting the annual inflation rate at 2.1%, the lowest of 205. The monthly reading was in line with the Dow Jones consensus forecast while the annual level was 0.1 percentage point lower.

Excluding food and energy, the core reading that tends to get even greater focus from Fed policymakers showed readings of 0.1% and 2.5%, against respective estimates of 0.1% and 2.6%. Central bank officials believe core is a better indicator of longer-term trends.

Consumer spending, though, slowed sharply for the month, posting just a 0.2% increase, in line with the consensus but slower than the 0.7% rate in March. A more cautious consumer mood also was reflected in the personal savings rate, which jumped to 4.9%, up from 0.6 percentage point in March to the highest level in nearly a year.

Personal income surged 0.8%, a slight increase from the prior month but well ahead of the forecast for 0.3%.
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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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