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6 May 2015
Fears of US contraction – Blueprint Capital
FXStreet (Barcelona) - According to the Blueprint Capital FX Team, yesterday’s US trade data clouds the picture for the Fed rate hike and might affect the GDP growth for the economy.
Key Quotes
“The US recorded its biggest monthly trade deficit, with an increase of 41.3% to $51.4bn, which is the largest since the 2008 financial crisis as consumer demand for cars and mobile phones being labelled as the prime factors for the push up in imports in March.”
“This figure will only fuel criticism that the pacific trade pact Obama is trying to push through congress, will only lead to a deficit ballooning out of control and an exodus of jobs overseas.”
“This further clouds the picture for when the Fed will raise rates as the trade deficit is likely to affect the GDP figures to come.”
Key Quotes
“The US recorded its biggest monthly trade deficit, with an increase of 41.3% to $51.4bn, which is the largest since the 2008 financial crisis as consumer demand for cars and mobile phones being labelled as the prime factors for the push up in imports in March.”
“This figure will only fuel criticism that the pacific trade pact Obama is trying to push through congress, will only lead to a deficit ballooning out of control and an exodus of jobs overseas.”
“This further clouds the picture for when the Fed will raise rates as the trade deficit is likely to affect the GDP figures to come.”