The world’s fourth largest economy grew at an annual rate of 2.9%
Falling energy prices providing relief from burst of inflation that reached double digits
A big reason the Fed is reducing rates is because hiring has slowed, unemployment has picked up
Fund flows seen slowing in months ahead as rates ease
Deposit costs will ease, but it will take time for banks' margins to improve
Inflation in August was barely above the Fed's 2% inflation target
Payrolls rebound, and vacancies drop
Latest federal government reforms will be more effective than previous budget pronouncements
Household savings down 61% from peak in 2021, savings ratios approaching record lows
Strong growth, declining inflation, and easing monetary policy to drive global output
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