MHI Solutions

Departments

ECONOMIC MARKET ANALYSIS: Looking Back to Look Ahead

Looking Back to Look Ahead

The first half of 2019 was solid. And we expect continued growth for the overall economy in the second half of the year. But growth still seems to slow through the end of 2020.

* By Jason Schenker *

The first half of 2019 was solid. And we expect continued growth for the overall economy in the second half of the year. But growth still seems to slow through the end of 2020. Part of that slowing appears likely, in part, due to a potential slowing in business investment. But the consumer remains a bright spot that is likely to support overall GDP growth. And the Fed is going to be patient and cautious going forward.

There were economic and business risks going into 2014th when Fed Chairman Jay Powell was joined by former Fed chairs Ben Bernanke and Janet Yellen to laud the state of the U.S. economy and labor market, and to emphasize how dovish the Fed could be in the face of adversity—or at least in the face of significant equity market declines. Not coincidentally, I had a radio interview scheduled immediately after the Fed chair comments and instantly started calling this event of market-reassuring messaging from these three Fed chairs “Dovefest 2019.”

And so it was.

Equity markets that had fallen sharply in the fourth quarter of 2018 improved sharply as did consumer confidence, retail sales, and oil prices. That strategic about-face of the Fed was critical for setting 2019 on a much more positive growth path.

Read More…

Tagged , , , ,


This issue of MHI Solutions focuses on the adoption of these and other digital solutions from best practices in robotics and artificial intelligence to getting your supply chain data house in order to measuring and tracking your Supply Chain Digital Consciousness Index or DCI. While implementing digital innovations into supply chains is complex, inaction is not a strategy. In fact, as the pace of supply chain innovation escalates, so does the price of inaction. In this new digital era, leaders will outpace their competitors faster than ever before

Industry Headlines

MHISolutionsmag.com-Artificial intelligence (AI) is the ultimate evolution of business intelligence [...]

MHI Blog- The MHI Annual Conference is an interactive thought leadership event for manufacturing, ma [...]

Bookmark MHIsolutionsmag.com to gain quick access to any and all MHI media and news information. MHI [...]

Robotics Business Review-Today’s mobile robots are loaded with sensors, vision systems and many othe [...]

Visit NewsWire to see more industry headlines

Latest Tweets