Principal Knowledge Center
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The latest U.S. inflation report showed an uptick, a natural result of the robust economy over the last two years.
U.S. growth will stay robust well into 2019; India is similarly a growth outlier. Growth has mildly decelerated in the rest of the world and that will continue into 2019.
Most details of the report on U.S. GDP were strong. Vigorous consumer spending growth at 4%, stout business investment, and government expenditures up nicely, were all solid gains.
The reported data on economic growth from the National Bureau of Statistics seem just fine. But, Chinese officials appear increasingly worried that the economy may be decelerating too much.
These are some of the U.S. exports to China that may have tariffs levied on them. The key economic problem from trade tensions is the uncertainty created for business investment.
The stock market rally for which we advocated last month lasted 2 weeks and rose a paltry 3.6% before another downdraft. Investors may be starting to worry that something is seriously wrong.