4435 Outlook

Economic Outlook: April 19, 2019

Apr 19, 2019  | Ep4435

The storm clouds cleared and sunnier weather emerged this week in America’s weather pattern and China’s economy. --

The world’s second-largest economy grew in the first quarter of 2019, reversing a slowdown -- despite a tariff war with the U.S.

Fewer Chinese goods landed on domestic shores as the trade deficit fell for the second straight month on a surge of civilian aircraft, cars and medicine.

Some of those same items helped push U.S. retail sales higher in March indicating a healthier job market.

The Federal Reserve’s Beige Book painted a moderate expansion picture even with trade tensions and severe flooding in the Midwest. ---

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