During the third quarter of 2019, the U.S. economy grew at its lowest rate this year. This is likely attributed to the major trade uncertainty with China and lack of global growth. Consumer growth stayed relatively stable, and there was also arise in residential investment. Still, there has been a major decline in business investment, which is the most volatile part of GDP. Further, spending on factories and offices decreased by 15.3 percent. There was a strike at General Motor for six weeks during the third quarter which halted production. Even so, the Fed expects the now lower interest rates to help encourage business investment in the fourth quarter.
https://www.nytimes.com/2019/10/30/business/economy/us-gdp-growth.html
If there is an increase in business investment it will be interesting to see the impact it has. With there being an inverted yield curve and the expectations of recession businesses may still be hesitant to make long term investments even with the lower interest rates.
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