The outlook for the U.S. economy is now a lot worse than just two weeks ago, economists say

An out-of-the-ordinary National Association for Business Economists (NABE) survey finds the U.S. economic outlook deteriorated rapidly over the past two weeks, signaling a marked near-term weakening in business economists' sentiment. The abrupt decline is likely to increase risk-off positioning, weigh on equities and could alter expectations for monetary policy direction and interest-rate outlook.

Analysis

An out-of-the-ordinary National Association for Business Economists (NABE) survey finds the U.S. economic outlook deteriorated rapidly over the past two weeks, signaling a marked near-term weakening in business economists' sentiment. The abrupt decline is likely to increase risk-off positioning, weigh on equities and could alter expectations for monetary policy direction and interest-rate outlook.