Possible scenario
Temporary Soft Patch
+0.2%
The flat August reading could reflect temporary drags after a strong second quarter, including maintenance shutdowns, volatile inventories, or timing effects in resource and service activity. In this scenario, incoming September and October data show the economy is slow but not stalling.
What it moves
- Consumer Services+0.4%
- Energy+0.4%
- Riskier companies' borrowing costs
- Market volatility
Keeping an eye on this scenario?
Tilt can alert you when its probability or impact shifts, or send you a recommendation when it crosses a threshold.