Economic Research Published by Raymond James & Associates
Scott J. Brown, Ph.D.
September 27, 2019
Financial market participants have generally reacted little to economic data reports over the last several months. On a daily basis, the two key drivers have been trade policy and the Fed, and that’s expected to continue for the foreseeable future. However, tensions in Washington have escalated and are about as bad as they can get. The financial markets weren’t much perturbed by developments, but that may change.
The economic data reports have remained mixed, suggesting moderate growth in consumer spending, but general weakness in business investment. That pattern is expected to continue in the near term.
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