KEY ECONOMIC INDICATORS
GDP growth solid, but slowing.
Aging economy in 11th year of expansion.
Consumption components remain strong; investment components are weak.
Remains slightly below Federal Reserve target of 2%.
Not concerning at this time.
JOBS & UNEMPLOYMENT
Job growth is solid, but slowing.
Unemployment rates are holding at historically low levels.
Yield curve has fallen from year ago with long end near historic lows.
Yield curve remains flat to slightly inverted.
ISM PMI manufacturing index is declining and at recent lows.
ISM PMI services index is weakening.
FEDERAL SPENDING & DEBT
Federal deficits at $1 trillion annually.
Federal debt outstanding rises toward $24 trillion.