US Economic Update, January 2019

By January 22, 2019Economic Outlook

Market turbulence to weigh on growth in 2019

 

·  The significant tightening in US financial conditions since October is expected to weigh on US growth over 2019.

 

·  A partial US government shutdown and slowing global growth add to the headwinds.

 

·  While growth may move modestly below trend for a period, recession fears are overblown.

 

·  One consequence is that the Fed is likely to be on hold for the rest of the year.

 

Troy Phillips

Author Troy Phillips

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