Two in a row

The Fed cut interest rates for the second time last month. Their forecast for the economy continues to show a tepid growth of 2.0 percent for 2020, low unemployment and low inflation. The ongoing tariff battles are disrupting supply chains and thus hindering the manufacturing sector as new investments are delayed until the uncertainty level is reduced. Growth expectations are 1.9 percent for 2021 and unemployment and inflation continue to be muted.