Slow growth continues to dominate the US economic profile, and the trend could weaken further in the months ahead. But the downshift has yet to trigger a credible recession warning. Although some indicators suggest otherwise – including the inverted Treasury yield curve – a broad reading of economic and financial data still points to a modest expansion in the recent past—and for the immediate future.

Continue reading →

Fed cuts rates by 1/4 point, drawing criticism from Trump: Politico
Fed lost control of key interest rate early this week: CNBC
OECD: global growth expected to ease to slowest pace in a decade: WSJ
US discussing with Gulf allies possible responses to Saudi attacks: Reuters
UK Supreme Court’s hearing of case against prime minister ends today: Reuters
Former Fed official: trade-war uncertainty, not tariffs, weighing on economy: CNBC
US housing starts rose to 12-year high in August: CNBC