Revises April forecast, when it predicted 0.4% growth
Mideast war poses new uncertainty
Recovery will pick up steam in the second half of 2024, the company forecast
Overall economic trends point to a slowdown
Lofty post-pandemic outlays can't last, given higher debt servicing costs
Targeted stimulus and consumer spending seen as keys to jump-starting economy
Traditional economic drivers have peaked, and headwinds are building, Moody's says
As central bankers gather at Jackson Hole conference this week, speeches will be scrutinized for hints
Wholesale sales of selected products down 2.8% to $80.5 billion in June, with ag products leading way with 19.4% drop
Earnings to remain under pressure as the sector faces slow growth and elevated costs