UBS On-Air: Paul Donovan Daily Audio 'The economic story seems obvious'

In one sense the global economic story is very clear-but is it obvious enough even Federal Reserve Chair Powell will notice? Cooling consumer goods demand is keeping disinflation pressures alive. China’s August export data showed another (expected) significant drop. The data is now consistent with counterparts’ trade data (unlike earlier this year when China reported exports no one seemed to be importing).