Housing Might Rescue the Economy From Trump’s Trade War

December 2, 2019
Conor Sen - Bloomberg

Manufacturing data released Tuesday made two things clear: The Federal Reserve might be powerless to prevent the negative effects of the trade war from hurting economic growth, but it still has the juice to boost the housing market.

The ISM Manufacturing Index report showed that industrial activity in the U.S. plunged in September, the sixth straight monthly decline, to the lowest since the Great Recession ended in June 2009. But the silver lining is that the Fed's efforts are showing up in recent housing data, including Tuesday's construction spending report, with activity continuing to perk up after several sluggish quarters.



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