- Dallas Fed President Kaplan: U.S. economic picture is mixed
Market news
4 September 2019
Dallas Fed President Kaplan: U.S. economic picture is mixed
- Regions CEOs say trade challenging supply chains
- Not surprising that factories are weak when trade is weak
- U.S. economic picture is mixed, manufacturing uncertain, consumer strong
- U.S. consumer is strong, so it's a mixed picture
- Business across industries can't predict how tariffs will be resolved, being more careful is rational, appropriate response
- If you wait for consumer weakness, it might be too late
- I'm watching for psychological effects on consumers
- Risks to forecast are to the downside
- Recent slowing due more to trade uncertainty and global weakness that monetary policy
- Watching credit conditions, which are currently robust, and treasury curve
- It's relevant that the Fed funds is above whole yield curve
- Whole yield curve moving down has eased financial conditions
- Fed staying where it is, below the treasury yield curve, will create distortions, challenges
- Downward move in the curve has been stimulated
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