US to see a below-trend growth rather than an outright contraction – TDS UnitedStates Growth Banks Fed
economy and corresponding mounting recession risks. But strategists at TD Securities believe that the current state of the economy offers no reason to be overly concerned.“A plunge in the ISM services index in December set off alarms regarding recession risks for the US economy. We think the survey provided more noise than signal this time around.”
“Despite worsening signals from soft data, solid labor market conditions and firm consumer spending suggest services activity remains perky. This should offer theInformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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