The new orders for key goods raised in June, suggesting several improvements in investment. However, economic growth is expected to have slowed in Q2. The U.S. exports became weaker as well as inventory build. Nevertheless, the longest economic expansion of the US remains supported by a robust labor market. Other figures showed the number of Americans filing claims for unemployment benefits fell down to three month low last week. The economy suffered from the trade war between China and the US and weakening growth abroad. Such factors are expected to make the Federal Reserve cut rates for the 1st time in ten years.
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The United States economy entered recession in February, ending record expansion