This is dangerous news for Trump.
'weak' despite his tax cut....
Manufacturing slips as signs grow of softening Trump economy
A key measure of U.S. manufacturing strength just slipped to its lowest level in two-and-a-half years, as pressures from President Trump weighed on the sector.
Add that to a pile of recent worrisome signals that the economy is headed for a slowdown, if not an outright recession, just as the 2020 presidential race starts to kick into higher gear. Trump is counting on the so-far rosy economic picture to boost his reelection chances even as warning signs grow that all is not as good as it appears.
Federal Reserve Bank of St. Louis President James Bullard put a finer point on it in a Monday presentation opening the possibility of an interest rate cut later this year to jumpstart stalling growth. The central bank “faces an economy that is expected to grow more slowly going forward, with some risk that the slowdown could be sharper than expected due to ongoing global trade regime uncertainty,” he said.
more:
http://www.washingtonpost.com/news/powerpost/paloma/the-finance-202/2019/06/04/the-finance-202-manufacturing-slips-as-signs-grow-of-softening-trump-economy/5cf591b6a7a0a46b92a3ff83/?utm_term=.82f32181614d
DO SOMETHING!
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