Total seasonally adjusted trade deficit averaged $75.1 mn, vs. 2024 $75.3 mn. The real goods trade deficit averaged $99.8 mn Ch.2017$ vs. 94.4 mn Ch.2017$. In other words, the real goods trade deficit increased (the same is true of the real goods ex-petroleum trade deficit).
Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. A shorter version was published in Project Syndicate.
Industrial and manufacturing production rise, surprising on the upside:
Primarily from the production function approach (discussion here).
September P/E ratio at 28.
Post-benchmark revision, here are changes in the BLS and ADP series:
Democrats/Lean Democratic current conditions assessment is relative insensitive to Trump being president, and statistically significantly related to news sentiment. Republican/Lean Republican perception is overwhelmingly associated with whether Trump is president.
From BLS:
According to Truflation, today:
As of yesterday (discussion in WSJ):