Next week’s economic indicators should highlight the strength and resilience of the U.S. economic expansion.
For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Aug. 25.
- Job growth is sufficiently strong that the U.S. unemployment rate could drop again to an expansion low of 4.2% in August.
- Many FOMC members could see this as a reason to stick with the plan of one more rate hike before end of the year, despite inflation holding below their targets.
- For Q2 GDP, we are forecasting an upward revision of the initial 2.6% growth rate to an even stronger 2.9% annualized pace.
- The U.S. consumer is back in the driver’s seat when it comes to U.S. economic performance.
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Yes, the U.S. economy’s growth has been suppressed compared to historical data, but that may end up being a silver lining.Read More ›
The FOMC failed to blink in the face of widespread market skepticism about the Fed’s projected fed funds rate path as it increased the fed funds target range by a quarter percentage point today to between 1.0 and 1.25%.Read More ›
The second estimate for Q1 GDP growth didn’t do much to alter the original view that the U.S. economy got off to a rough start this year.Read More ›
The labor market’s resilience and strength were on full display in April.Read More ›