Jack Manley of J.P. Morgan Asset Management says no matter who wins the U.S. election, tariffs are likely to continue
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
Payrolls rebound, and vacancies drop
Latest federal government reforms will be more effective than previous budget pronouncements
Strong consumer spending and business investment drove the result
Lower rates expected to ease burden on highly indebted household sector