macro update: temporary dip for us economy in q4
TRANSCRIPT
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7/30/2019 Macro Update: Temporary dip for US economy in Q4
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W] gmeoenx: Rgnpe|c|x bhp ho S2RDW\]BCX
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7/30/2019 Macro Update: Temporary dip for US economy in Q4
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7/30/2019 Macro Update: Temporary dip for US economy in Q4
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Gmeoenhm Ho}hfdr}
MEO]WNPRHEO ]R\WFFIG RE FCHO R\CMRHEO
Vdhig rdg|g vc} p|gmhew} ihrrig nengorwn ho meo}wng| }pgobhof ho S2) rdg meo}wng| }pgobhof |gpe|r hoOeqgnlg| vc} feeb hobggb cob bh}pe}clig pg|}eoci homeng cmrwciix phmkgb wp/ Ogqg|rdgig}} me|g |grchi }cig}
c|g }rhii r|gobhof bevovc|b} cob rdg mw||gor f|evrd |crg h} cmrwciix |gmg}}heo.ihkg/ Ngcovdhig cwre }cig} dcqg
|gcmdgb rdgh| dhfdg}r igqgi xgr ho rdg |gmeqg|x/ Meo}wng| pico} re hom|gc}g cwre pw|mdc}g}) pgor.wpbgncob cob gc}hg| ahocomhci meobhrheo} cii }wffg}r }cig} vhii meorhowg wpvc|b/
Rdg Agb depg} rdg eofehof vgcird gaagmr vhii khmk.}rc|r W] meo}wng| }pgobhof/ Dew}gdeib ogr ve|rd dc}hom|gc}gb re 7
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7/30/2019 Macro Update: Temporary dip for US economy in Q4
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Gmeoenhm Ho}hfdr}
DEW]HOF H] C ]VGGR ]PER
C|fwclix rdg W] dew}hof nc|kgr vc} rdg |eer mcw}g ea rdg beng}rhm cob fielci |gmg}}heo cob rdg ncho |gc}eovdx rdh} dc} lggo rdg ne}r rgphb |gmeqg|x eo |gme|b/ Devgqg|) rdg nc|kgr h} hnp|eqhof) vdhmd h} hnpe|rcor ae|
meo}wng| lgdcqhew|: cine}r 17' ea dew}gdeib} evo c deng menpc|gb re 70' vde evogb }dc|g} ho
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7/30/2019 Macro Update: Temporary dip for US economy in Q4
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Gmeoenhm Ho}hfdr}
RDG ICLEW\ NC\KGR: DEIBHOF ]RGCBX
Rdg 377k fcho ho oeoac|n pcx|eii} vc} lcof eo gtpgmrcrheo} ho Bgmgnlg|/ Ngcovdhig rdg wognpiexngor vc}womdcofgb cr 6/4'/ Rdg lhffg| phmrw|g h} rdcr gnpiexngor fcho} c|g deibhof }rgcbx |crdg| rdco cmmgig|crhof;
lw}hog}}g} cbbgb co cqg|cfg ea 37=k jel} c neord ho
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7/30/2019 Macro Update: Temporary dip for US economy in Q4
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1
Gmeoenhm Ho}hfdr}
HOAICRHEO H] VGII.LGDCQGB
Rdg Agb h} behof epgo.gobgb swcorhrcrhqg gc}hof $SG() lwr c .7/7' ewrpwr fcp ho rdg W] }ncmk} ea gtmg}} mcpcmhrx ho rdgp|ebwmr cob iclew| nc|kgr}/ Hobggb vcfg cob menpgo}crheo f|evrd |gncho }iwffh}d cob ew| ae|gmc}r h} ae| hoaicrheo relgdcqg vgii fehof ae|vc|b/
RHP] nc|kgr.lc}gb hoaicrheo gtpgmrcrheo} dcqg lggo |gicrhqgix ho |gmgor neord}) cilghr cr c }hfohahmcorix dhfdg| igqgimenpc|gb re p|gqhew} SG |ewob}/ A|en rdh} pg|}pgmrhqg) rdg Agb} icrg}r neqg} vg|g ach|ix |cbhmci) oer lghof c
|g}peo}g re c bevorw|o ho rdg gmeoenx lwr ho}rgcb ne|g co cmr ea hnpcrhgomg vhrd rdg gmeoenx/ Rdh} }rcob} ho}rc|k meor|c}r re rdg pg|heb vdgo rdg Agb }pekg cr igofrd clewr dev hnpe|rcor hr vc} re p|gqgor hoaicrheo gtpgmrcrheo}
a|en lgmenhof wodhofgb/ Oev hr elqhew}ix vcor} c}}gr p|hmg} re hom|gc}g) g}pgmhciix deng} cob }dc|g}) rdw} ho c vcx
w}hof hoaicrheo re |gihgqg rdg gmeoenx ea hr} bglr lw|bgo/
Rdg r|cbg lcicomg bgahmhr vhbgogb ho Emrelg| c} rdg lhffg}r }iwnp ho gtpe|r} ho cine}r aew| xgc|} ewrvghfdgb c b|ep hohnpe|r}/ Rdh} h} migc|ix }wffg}rhof rdcr rdg }ievbevo eqg|}gc} h} caagmrhof rdg W/]/ gmeoenx re }eng gtrgor/Ngcovdhig me|g hnpe|r p|hmg} c|g }rcfocrhof) rdw} }wffg}rhof rdcr hoaicrheo p|g}}w|g h} qg|x iev fielciix/
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7/30/2019 Macro Update: Temporary dip for US economy in Q4
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Gmeoenhm Ho}hfdr}
CW]RG\HRX COB WOMG\RCHORX EO RDG AH]MCI A\EOR
Rdg Agb h} mg|rchoix cmrhof qg|x cff|g}}hqgix) }homg rdg|g c|g meomg|o} rdcr mxmihmci wognpiexngor mewib rw|o hore}r|wmrw|ci wognpiexngor) rdw} pg|ncogorix |gbwmhof pergorhci ewrpwr ho rdg gmeoenx/ ]e |hfdr oev rdg aemw} h} eohnp|eqhof iclew| nc|kgr meobhrheo} c} swhmkix c} pe}}hlig/
Ew| wobg|}rcobhof h} rdw} rdcr Agb} |gcmrheo awomrheo dc} }dhargb }engvdcr revc|b} rdg gnpiexngor }hbg ea rdgbwci ncobcrg/ Ho r|cbhrheoci Rcxie| \wig cocix}h} vg rdg|gae|g picmg c dhfdg| vghfdr eo rdg wognpiexngor fcp cobew| p|gag||gb qg|}heo ea rdg Rcxie| \wig }wffg}r} c .