The recent deceleration in US economic activity in last year’s second half is expected to spill over into 2019’s first quarter, but there are signs that the slowdown may be stabilizing. A fresh run of numbers for a broad range of indicators shows that the deterioration in the macro trend has ended, at least for now, based on analyzing the data published to date. Although it’s still touch and go for deciding if output will rebound, today’s economic profile suggests that a slower but stable pace of growth will prevail for the near term.
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