US June’s national budget showed a deficit of $75 billion that was in line with Wells Fargo expectations. They remain of the view that the FY 2018 deficit will be about $775 billion. Regarding the stimulus impact from the recent budget deal, they see that it is starting to become evident. Key Quotes: “The federal budget deficit in June was $74.9 billion, almost exactly in line with our forecast of $75.0 billion. For the fiscal year as a whole, the budget deficit is about $80 billion wider than last year, with one quarter still to go.” “As we have written previously, the federal budget deal reached in March will likely boost government consumption and investment, providing a near-term stimulus to growth separate from the tax cut.” “Defense spending is one sector where the growth is beginning to become evident.” “We expect the deal to add a few tenths of a percentage point to real GDP growth in 2018, with the impact fading by the second half of 2019.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Markets relieved on China taking a slightly more conciliatory tone – ANZ FX Street 5 years US June's national budget showed a deficit of $75 billion that was in line with Wells Fargo expectations. They remain of the view that the FY 2018 deficit will be about $775 billion. Regarding the stimulus impact from the recent budget deal, they see that it is starting to become evident. Key Quotes: "The federal budget deficit in June was $74.9 billion, almost exactly in line with our forecast of $75.0 billion. For the fiscal year as a whole, the budget deficit is about $80 billion wider than last year, with one quarter still to go." "As we… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
