The Atlanta Fed's macroblog provides commentary on economic topics including monetary policy, macroeconomic developments, financial issues and Southeast regional trends.
- BLS Handbook of Methods
- Bureau of Economic Analysis
- Bureau of Labor Statistics
- Congressional Budget Office
- Economic Data - FRED® II, St. Louis Fed
- Office of Management and Budget
- Statistics: Releases and Historical Data, Board of Governors
- U.S. Census Bureau Economic Programs
- White House Economic Statistics Briefing Room
April 12, 2006
The Deficits Move in Opposite Directions -- For Now
The dollar touched a more than one week high against the euro and strengthened versus the yen after the U.S. trade deficit narrowed more than forecast in February. The trade gap, the amount by which imports exceed exports, fell 4.1 percent $65.7 billion from a record $68.6 billion in January, led by a decline in Chinese imports...
A separate report showed the U.S. budget deficit gap widened last month to $85.5 billion in March, from $71.2 billion in the same month last year.
So, one deficit rises and the other falls? Maybe not. Both Brad Setser and The Nattering Naybob point out that China's trade surplus grew in March, on a strong expansion in exports. And Menzie Chinn notes that the March (and April) surge in oil prices does not bode well for sustaining the February decline in U.S. imports. The guessing is that when the March trade numbers are revealed, the two deficits may look like twins again.
UPDATE: The Skeptical Speculator also makes reference to the March surplus in China, among many other things.
TrackBack URL for this entry:
Listed below are links to blogs that reference The Deficits Move in Opposite Directions -- For Now:
- Déjà Vu All Over Again
- Is Measurement Error a Likely Explanation for the Lack of Productivity Growth in 2014?
- What Seems to Be Holding Back Labor Productivity Growth, and Why It Matters
- Signs of Improvement in Prime-Age Labor Force Participation
- Could Reduced Drilling Also Reduce GDP Growth?
- Are Shifts in Industry Composition Holding Back Wage Growth?
- Are Oil Prices "Passing Through"?
- Business as Usual?
- What's (Not) Up with Wage Growth?
- Are We Becoming a Part-Time Economy?
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- Business Cycles
- Business Inflation Expectations
- Capital and Investment
- Capital Markets
- Data Releases
- Economic conditions
- Economic Growth and Development
- Exchange Rates and the Dollar
- Fed Funds Futures
- Federal Debt and Deficits
- Federal Reserve and Monetary Policy
- Financial System
- Fiscal Policy
- Health Care
- Inflation Expectations
- Interest Rates
- Labor Markets
- Latin America/South America
- Monetary Policy
- Money Markets
- Real Estate
- Saving, Capital, and Investment
- Small Business
- Social Security
- This, That, and the Other
- Trade Deficit