The confusion regarding the Trump administration’s strategy with China has pushed US equity futures lower this morning. After appearing to soften its stance toward China, President Trump’s top economic adviser, Larry Kudlow, told Fox Business that the President wasn’t softening his stance and that China’s response to US demands has not been satisfactory.
The Bureau of Economic Analysis released the first revision to first quarter showed a slower pace of expansion coming in at 2.0%, a decline of 0.2% from the first release. Downward revisions to spending on services and investment in inventories fell from the initial reading, leading to the lower overall number.
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