Economic news refers to the release of a variety of data and statistics that affect market participants’ views about the economy’s current state and future evolution. Small unexpected changes in certain economic indicators may rock asset prices over a long period, while shifts in others—however large or sur- prising—are quickly shrugged off by the markets. And while announcements about some economic indicators generally have strong impacts on bond yields and exchange rates, news about others may chiefly influence stock prices.
This week’s big economic headlines:
President Trump’s plan for reshaping global trade is moving forward. He’s threatening to impose tariffs on a wide range of goods from Southeast Asia—a region that has become the focus for investment by companies seeking to avoid doing business in China. The Trump administration’s policy could have far-reaching effects.
The federal government continues to shed staff as it tries to save money amid an escalating budget deficit. And a weaker dollar is taking a bite out of Americans’ travel plans—and their everyday spending at home. Plus, new data show fewer recent college grads want to work in the traditional 9-to-5 office job. The Economist’s Elliot Kirschner joins “GMA” to discuss the changing workplace and why millennials are turning to freelance or contract jobs instead.
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