Market to Market

Economic Outlook: August 23, 2019

Aug 23, 2019  | Ep4501

According to the Congressional Budget Office, increases to federal programs and a lifting of the debt limit will push the U.S. deficit over the $1 trillion mark by 2020.

The CBO also reported trade wars will cost U.S. households $580 a piece next year.

Fed Chair Jerome Powell is ready to cut interests rates but didn’t say when it would happen. Powell says trade wars have complicated the Fed’s ability to set rates which has contributed to a global economic slowdown. 

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