WASHINGTON—The recent weakness in U.S. business investment may be largely related to falling oil prices and the grounding of Boeing’s 737 Max 8 jet, JPMorgan Chase finds, challenging claims that the trade dispute with China is undercutting capital spending.
Business investment slowed sharply in recent months, prompting some analysts to read it as another recession sign and blame the U.S.–China trade war for the slowdown.
