Troubled Economic Reporting in the Month or Two Ahead

Benchmark-Revised Patterns of GDP Economic Activity Should Show a
Softer 2007 Peak, a Deeper Collapse into 2009 and a Less-Robust Recovery, with
Downgraded Growth in 2015 to 2017

U.S. Trade-Balance Benchmark Revisions Indicated a Slower Economy and a
Deeper Real Merchandise Trade Deficit than Before

April Nominal Balance of Payments Deficit Improved in April 2018

Consumer Liquidity Conditions Continued to Tighten, as
Real Household Debt Contracted in First-Quarter 2018, while
Slowing Annual Growth in Real Consumer Credit Intensified Sharply in April 2018