None of the 20 economists surveyed by Bloomberg forecast a rate cut
The statement US economy has gradually strengthened but the growth in the industrial sector has slowed. They cite Fed action as a catalyst.
- It’s the first cut since March
- Inflation risks have diminished
- Inflation expectations for 2013 have decreased
- 2013 growth to be considerably below earlier forecasts
A theme we have been highlighting for the past few months is weakness in emerging markets. Signs like this don’t get any clearer.
