Most economic measures continue to paint an upbeat profile for the US, but yesterday’s September report on consumer spending and income hints at the possibility that softer growth is approaching. There’s still no clear sign of rising recession risk on the immediate horizon, but it’s reasonable to wonder if the surge in economic activity following Donald Trump’s election two years ago is now in the process of reversing and giving way to a lesser rate of expansion.
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US preparing new tariffs on remaining Chinese imports if talks fail: Bloomberg
Trump expects a ‘great deal’ with China on trade: Reuters
US to send 5,200 US troops to border to stop migrant caravan: Fox
If Dems take the House, expect a lot of new investigations: NY Times
Germany’s Angela Merkel will step down as chancellor in 2021: BBC
What will follow the Merkel era in Germany? Slate
Consumer spending in US was solid in Sep; income growth was sluggish: Reuters
US PCE inflation remained tame in September: WSJ
The earth’s topical zone is expanding 30 miles per decade: Yale Environment 360
S&P 500 fell to lowest close in nearly six months on Monday: USA Today