Recent hurricanes have taken a bite out of US economic momentum, but the trend is only battered rather than broken. Surveying a broad set of indicators still points to moderate growth for the near term. Recession risk, in short, remains low for the US, based on the numbers published to date.
Continue reading →

Hundreds dead after powerful earthquake strikes central Mexico: BBC
Puerto Rico braces for Hurricane Maria: AP
US single-family housing construction fell for a second month in Aug: Reuters
Mixed economic signals ahead of today’s Fed announcement: Reuters
Trump threatens to “destroy” N. Korea in UN speech: USN&WR
Norway’s sovereign wealth fund reaches the $1 trillion mark: Bloomberg
Confidence in US economy ticked up last week: Gallup