The economy could experience a short-term growth scare
The risk of a recession has risen.
Over the past several weeks, data has started to pile up, indicating that economic growth is stalling.
Poor guidance from Walmart, a weak U.S. retail sales report, disappointing consumer confidence data, poor news from the housing sector, a sizable decline in new orders within the ISM Manufacturing report, and growing uncertainty from CEOs and CFOs on recent conference calls are all signs that point to a slowdown.
