Fears of Recession Fade

Washington Post: “The U.S. economy is heading into 2020 at a pace of steady, sustained growth after a series of interest rate cuts and the apparent resolution of two trade-related threats mostly eliminated the risk of a recession. This marks a dramatic turnaround in momentum since August, when some forecasters predicted a 50 percent chance of a downturn starting by the end of next year.”

Key takeaway: “The trade deals, while not nearly as ambitious as Trump promised, have lessened one of the biggest drags on the U.S. economy: uncertainty.”