Yesterday’s release of the Beige Book survey from the Federal Reserve paints an upbeat profile, advising that the “the economy expanded at a modest pace through the end of August.” But gathering storm clouds suggest that the rest of the year could bring rougher seas, raising doubts about how the central bank will navigate a slowing economy.
Daily Archives: September 5, 2019
Macro Briefing | 5 September 2019
Hurricane Dorian threatens the Carolinas: CNN
US and China schedule trade talks for early October: WSJ
A new recession warning for Germany: factor orders fell in July: Bloomberg
UK Parliament blocks no-deal Brexit: Vox
Is Hong Kong leader’s concession enough to end protests? Vox
Fed’s Beige Book report offers upbeat profile of US economy: MW
US trade deficit narrowed slightly in July: Reuters
GDPNow model trims US GDP growth for Q3 to sluggish +1.5%: Atlanta Fed
Today’s ADP estimate of US payrolls for Aug expected to post 1.7% annual gain:
