Take Control of Tomorrow Q&A>
During our recent webinar, “Take Control of Tomorrow” our North American Chief Economist, Dan North, spoke on the current and future state of the U.S. economy and explained why the economy may look good right now, but projections for next year look bleak. Read the Q&As.
How to Prepare Your Business for a Recession
There’s a possibility of another recession in the near future. Learn about the key indicators of a recession and strategies on how to prepare your business during a recession with Euler Hermes.
9 Takeaways from the Fed's Interest Rate Cut [September 2019]
As expected, the Federal Reserve lowered the overnight Fed Funds rate by 25 basis points (bps) from a range of 2%-2.25% to 1.75%-2%. Here are 9 quick takeaways from Dan North, Chief Economist of Euler Hermes North America.
US August Data
The weakness in manufacturing was reflected in the ISM manufacturing survey, which slipped below the 50 level into contraction area at 49.1, the lowest level in almost four years. Seven of the ten components fell, and nine are now below 50 for the first time since the recession.
U.S.: Data Still Weak, Trade War Drags On
Fed Chair Powell last Friday indicated that the Fed would be ready to act if uncertainty over a trade war continued to weigh on the economy. The same day the trade war did indeed worsen as China and the U.S. both imposed new tariffs and exchanged heated words.