US President Trump became the third president in US history to be impeached, after the House voted 230-197 and 229-198 along strictly partisan lines to charge him with abuse of power and obstruction of Congress. Despite the historic nature of the vote, there was negligible reaction from financial markets. Trump joins Bill Clinton (1998) and [...]
US An agreement between the White House and Democrats in the House of Representatives was reached this week paving the way for passage of the US-Mexico-Canada trade agreement, a reworking of the nearly three-decade-old NAFTA accord. Officials from the three countries met in Mexico last week to approve revisions to the agreement, which is set [...]
US Hiring came roaring back in November, as employers added a whopping 266K net new jobs. Employers also hired more workers in October than previously thought with the revised data showing a gain of 156K, up from 128K previously estimated. The unemployment rate ticked back down to its 50-year low of 3.5%. Manufacturing employment rebounded [...]
US As the Thanksgiving holiday compressed the economic indicator schedule into the first half of the week, market attention remained squarely focused on the data performance in order to gauge the overall health of the US economy during the final months of 2019. With regards to the consumer, the landscape remains largely positive. Consumer confidence, [...]
