U.S. economic data continued to show a fairly healthy first-quarter with GDP at an annualized 3.2% and unemployment remaining below 4%. The current expansion period is one of the longest in modern history, but cumulative growth is still modest. Read more →
Investor concerns include: Slowing growth, Geopolitical issues, and Trade and tariff uncertainties.
Growth prospects in the Euro Zone received a downbeat assessment from the European Central Bank who downgraded 2019 GDP outlook from 1.7% to 1.1%. The U.S. economy added significantly fewer jobs than average in February due to the government shutdown, while the unemployment rate dropped to an historically low 3.8%. Read more →
U.S. economic growth slowed to a, more moderate, annualized rate of 2.6% in the final quarter of 2018 following two quarters of growth above 3.0%. This was better than economists’ consensus estimate of 2.2%. Other countries outside the U.S. including: Brazil, Mexico, and Canada also reported slower fourth quarter economic growth. Read more →