Imports increased, a drag on GDP.
Expect more of the same if Trump & Co. (yeah, I'm talkin' to you Mnuchin) keep talkin' down the dollar.
DXY was trading above 100 as recently as last April, struggled to achieve 95 in November, and now this morning is trading around 89 after Mnuchin's loose lips at Davos.
It would be nice if this administration got its policy act together, on immigration, trade, the dollar, etc. instead of all these comments which imply they are winging it.
So much winging . . ..
