US Export numbers weaken

While business sentiment and export numbers are weakening, the consumer is in good health and remains the backbone of the US economy. Personal consumption advanced by +2.9% (Q3 annualized) and helped to prop up US gross domestic product (GDP), which expanded at 1.9% on an annualized basis. Chances are remote for the US to fall into a recession within the next six month as long as consumer spending remains intact and the US Fed has more room to lower interest rates.

US Export
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