Do not expect to hear details about the economic proposal of the Republicans or the Democrats– the issue that is of most concern to the population. Therefore, we outline what needs to happen.
The economy continued to grind along slowly and did not show any signs of moving away from its current growth path of 1.5%, neither in an upward nor downward direction. Things not expected to change soon.
Everyone was braced for bad economic news following the disappointing unemployment numbers of last week. However, the week may be ending on a good note following J.P. Morgan’s earnings report.
A summary of key indicators shows that the economy is still getting weaker, despite the hope that the current slowdown would be temporary. Data on unemployment claims and retail sales are disappointing.
