U.S. Business Cycle Report September 2019

Summary

This continues to be a challenging economic environment to analyze, with mixed signals.

The U.S. economic expansion will likely continue over the next several months, and the trend in much of the data is concerning and probably needs to start improving soon if.

Of greatest concern are the depth and duration of yield curve inversion (10yr-3m) and the weakness in the U.S. manufacturing PMI (now below 50).

Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.