No. of Recommendations: 3
I am not an economist, and I ame having trouble understanding 2 aspects of the US economy:

1 - FOMC

Fed Signals More Steps to Spur Economy Amid Slower Growth
The Federal Open Market Committee “will closely monitor incoming information on economic and financial developments and will provide additional accommodation as needed to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability,”

2 - The stock market

While many U.S. companies face headwinds from slowing growth, others are surpassing Wall Street estimates for quarterly earnings. Of the 353 companies in the S&P 500 Index that have reported results, 253 beat analyst estimates, data compiled by Bloomberg show.

If the economy is slowing and manufacturing is shrinking, how is it that some companies are beating earnings estimates, and stocks are hitting new highs?
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