2019 Economic Recap

A month to month recap of the US economy in 2019!

January Federal Open Market Committee voted to hold interest rates steady

February US economy grew by 2.4% in the fourth quarter. Trump plans to spend $6.7 billion spent for border security.

March President Trump nominated campaign adviser Stephen Moore and  former GOP presidential candidate Herman Cain to the Federal Reserve’s board of governors.

April Unemployment dropped from 3.8% to 3.6%.

May US begins increasing tariffs on Chinese goods. US announces ending waivers for Iran and other oil supplying countries.

June China and US come to an agreement and resume trade.

July Boris Johnson was confirmed as U.K. Prime Minister and intends to pull out of the EU.

August Trump announces world wide tariffs (10%) on imports. Suspension of parliament.

September Fed announces a rate cut.

October The first estimate of third-quarter GDP came in at 1.9%.

November  Chair Jerome Powell  indicated that the Fed had no plans to adjust rates in either direction in the near-term.

Leave a Reply

Your email address will not be published. Required fields are marked *