U.S.–Mexico–Canada Agreement: Phoenix rising out of the ashes of tariff wars?

Rhea Thomas |
Wilmington Wire
House-of-Reps-NC.jpg

October 2, 2018— After weeks of bargaining, surrounded by bluster and grandstanding suggesting that the demise of NAFTA as a trilateral agreement might have been near, Canada and the United States were able strike a deal at the eleventh hour on September 30 in an attempt to salvage NAFTA, just over a month after Mexico and the U.S. reached a deal.

Read More...


The Fed Hikes Again

Luke Tilley |
Wilmington Wire
8894-Preserve-Business-Capital.jpg

September 28, 2018— As was fully expected and fully priced in, the Federal Reserve hiked interest rates again on September 26, and signaled that it expects to keep doing so over the next couple of years. The federal funds rate range increase of 25 basis points, or bps (0.25%), brought its target up to 2.00%–2.25%. It was the eighth such hike, for a cumulative increase of 200bps from the zero level that had persisted for many years during the early part of the recovery.

Read More...