U.S. Outlook: Factoring in a global downturn

Scott Anderson
Posted by Scott Anderson
Chief Economist

Financial market volatility has returned with a vengeance. And many signs suggest it could be around for a while.

graph showing recent rise in volatility index.For more on this and other economic developments to watch, see highlights of my weekly economic analysis below, followed by a link to the full U.S. Outlook report, delivered on Oct. 17.

Key observations:
  • Markets are clearly concerned about the growth and inflation outlook for Europe.
  • The economic data out of Germany for August look downright recessionary.
  • Fed rate hikes are likely pushed to late 2015 as Eurozone slumps.
  • Strong dollar and weak oil prices will keep 2015 inflation far below Fed target.
  • The real GDP growth outlook for the United States remains largely intact.

Click here to read my full report.

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