U.S. Economy: A rate cut, now what?

Plus Visa’s U.S. economic forecast through 2020.
Bar chart showing real GDP compound annual growth rate from 2.5% to 1.9% forecast in 12/20, plus line overlay from 2.86% to 2.29% in 12/20.
Line chart showing the federal fund rate from 0.25% in June 2015 to 2.5% in June 2019 and 2% forecast in December 2020.
View companion excel file for explanation of the August 2019 U.S. forecast table.