The US economic trend remained positive through September: strong enough to keep recession risk at a low level but still too soft to fully dismiss concerns about the near-term outlook. Nonetheless, macro momentum has picked up a bit after decelerating earlier in the year—in line with the Capital Spectator’s recent projections (see links below). But as we’ll discuss, the near-term forecasts now point to a stable but relatively muted trend for the immediate future.
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