A month to month recap of the US economy in 2019!<\/p>\n
January<\/strong><\/a>\u00a0Federal Open Market Committee voted to hold interest rates steady<\/p>\n February <\/strong><\/a>US economy grew by 2.4% in the fourth quarter. Trump plans to spend $6.7 billion spent for border security.<\/p>\n March<\/strong><\/a>\u00a0President Trump nominated campaign adviser Stephen Moore and \u00a0former GOP presidential candidate Herman Cain to the Federal Reserve\u2019s board of governors.<\/p>\n April<\/strong><\/a>\u00a0Unemployment dropped from 3.8% to 3.6%.<\/p>\n May<\/strong><\/a>\u00a0US begins increasing tariffs on Chinese goods. US announces ending waivers for Iran and other oil supplying countries.<\/p>\n June<\/strong><\/a>\u00a0China and US come to an agreement and resume trade.<\/p>\n July<\/strong><\/a>\u00a0Boris Johnson was confirmed as U.K. Prime Minister and intends to pull out of the EU.<\/p>\n August<\/strong><\/a>\u00a0Trump announces world wide tariffs (10%) on imports. Suspension of parliament.<\/p>\n September<\/strong><\/a>\u00a0Fed announces a rate cut.<\/p>\n October\u00a0<\/strong><\/a>The first estimate of third-quarter GDP came in at 1.9%.<\/p>\n November<\/strong><\/a>\u00a0 Chair Jerome Powell \u00a0indicated that the Fed had no plans to adjust rates in either direction in the near-term.<\/p>\n","protected":false},"excerpt":{"rendered":" A month to month recap of the US economy in 2019! January\u00a0Federal 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\u00a0President Trump nominated campaign adviser Stephen Moore and \u00a0former GOP presidential candidate Herman Cain to the Federal Reserve\u2019s board of governors. April\u00a0Unemployment dropped from 3.8% to 3.6%. May\u00a0US begins increasing tariffs on Chinese goods. US announces ending waivers for Iran and other oil supplying countries. June\u00a0China and US come to an agreement and resume trade. July\u00a0Boris Johnson was confirmed Continue reading 2019 Economic Recap<\/span>