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Fed lowers its inflation expectations for 2019, keeps growth outlook the same
Author: burkedale2970
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China Trade Turns from Surplus to Deficit, CPI Surprised to the Downside
The Asian market plummeted as investors are unnerved by disappointing Chinese trade and inflation data. China’s trade balance surprisingly turned to deficit in February. The deficit of US$ 25B (compared with consensus of a surplus of US$ 7.5B) was driven by strong import growth of 10.1% y/y, compared with market expectations of 7.6%, and a 18.1% decline in exports.
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China Trade Turns from Surplus to Deficit, CPI Surprised to the Downside