The G20 summit kicks off today in Osaka, Japan. On Saturday, President Trump is scheduled to meet with Chinese President Xi Jinping, amid the backdrop of additional threatened tariffs by the US and potential retaliations from China.
The U.S. economy will likely slow in 2019. We expect U.S. GDP growth for 2018 to be north of 3% alongside consensus estimates of 2.5% growth in 2019. We expect inflation to be subdued, housing to be stable, and the strength of the consumer to remain strong.
Global markets were sharply lower today as trade tensions were renewed