Executive Briefings > United States

US Executive Briefing – November 2019

With policy risks seemingly dissipating in late October, an air of optimism has floated over the US economy and markets. We take the latest data and policy developments as a confirmation that the economy is not about to fall off a cliff. Yet, we caution that while the economy remains in a ‘good place,’ momentum is undeniably slowing. We expect real GDP growth will cool from 2.3% in 2019 to 1.6% in 2020. Following three rate cuts, the Fed has hit the pause button, but we believe it will be prompted to provide an additional rate cut in early 2020

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