Summary: The U.S. economic outlook, while positive, is a tale of two stories, says Comerica Bank economist Robert Dye. One story is strong current conditions, including job growth and labor force participation and wage growth. However, there are growing downside risks, including financial market volatility, trade tensions, and the quality of corporate debt. Dye also discusses trends in credit, the projected path of monetary policy in 2019 and the effects of a prolonged partial government shutdown.
