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        Weekly Economic Perspectives

        Black Sheep of US Macro Proves Economy Slowing

        Small business sentiment, measured by NFIB (National Federation of Independent Business) Index – long been characterized as the “black sheep” among US macro indicators – fared worse than anticipated in August, more than retracing its July improvement.

        5 min read
        Simona M Mocuta
        Chief Economist
        Amy Le, CFA
        Investment Strategist
        Venkata Vamsea Krishna Bhimavarapu
        Economist

        NFIB Survey: Bad Combo of Uncertainty and Lower Profits

        Spotlight on Next Week

        • We still favor 25 bp as Fed’s opening rate cut, but odds are very close. 
        • BoE to remain on hold. 
        • BoJ to maintain policy and guide hawkish. 
        • Aussie employment growth to have eased.
        Read More

        More on Weekly Economic Perspective

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