Economic Outlook – 27 October 2019
US The legitimate slowdown in overall economic growth is exaggerated by the continuing drag from Boeing’s issues with the 737 MAX and the lingering strike at General Motors. The effect from both was apparent in [...]
Economic Outlook – 20 October 2019
US Personal consumption, which comprises roughly 70% of overall US GDP, has proved remarkably resilient under the cloud of trade uncertainty and the darkening economic picture overseas. However, retail sales fell in September for the [...]
Economic Outlook – 13 October 2019
US The optimism among small businesses took another leg down in September, with fewer businesses reporting that they expected sales and the economy to improve. At 101.8, the NFIB small business index is not quite [...]
Economic Outlook – 29 September 2019
US Consumer Confidence fell by a larger than expected 9.1 points to a still respectable 125.1. Consumers grew more cautious about both the present situation and future conditions. The robust assessment of the labor market [...]
Economic Outlook – 22 September 2019
US An unusually divided Federal Open Market Committee cut its target rate a quarter point to between 1.75% and 2.0% and left the door open to additional cuts. Two members of the committee dissented, arguing [...]
Economic Outlook – 15 September 2019
US CPI inflation is beginning to heat up more materially. Core prices rose 0.3% for the third straight month, pushing the three-month annualised inflation rate to a 13-year high. The year-on-year rate hit 2.4%, which [...]