While growth has moderated somewhat in 2019, the current US economic expansion is now the longest in history.
The global economic environment has continued to soften, as economists point to protectionist trade policies and uncertainties about the outcome and impact of Brexit
Equity markets did an about-face during the quarter, generating the largest quarterly advance since the third quarter of 2009
Questions about the future health of the economy, the FOMC’s decision to raise short-term interest rates at its September meeting and slowing earnings growth were a few of the drivers impacting markets during the quarter.
The US economy has experienced a late-cycle acceleration, and if growth remains positive through July 2019, it will become the longest expansion in history.
The US economy remains strong, and although the current expansion is now the second longest in history, the consensus among economists is that the prospects for further growth are solid.