Forecasters See Solid U.S. GDP Growth during Rest of 2018 – Gold Silver Reports

The U.S. economy roared ahead in the second quarter of 2018 after increasing at a modest rate in the first quarter. Economic conditions have been fueled by strong corporate profits, healthy financial market conditions, and accommodative monetary and fiscal policies. If these trends persist, buoyant economic and labor market conditions are likely over the second half of the year.

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Trump: We are going to put a 25% tariff on every car from the European Union – Gold Silver Reports

✅ President Donald Trump said Tuesday night that the U.S. would slap a 25 percent tariff on cars coming from the European Union.   

✅ The president’s statement came hours after The Wall Street Journal reported that Commerce Secretary Wilbur Ross said he had postponed an August timeline to publish a report on auto tariffs.

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Moody’s Downgrades Turkey’s Ratings to Ba3 and Assigns Negative Outlook

Gold Silver Reports – Moody’s Investors Service (“Moody’s”) has today downgraded the Government of Turkey’s long-term issuer ratings to Ba3 from Ba2 and changed its rating outlook to negative, concluding the review for downgrade that was initiated on 1 June 2018. The senior unsecured bond ratings and senior unsecured shelf ratings have also been downgraded to Ba3 and (P)Ba3 respectively.             

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