U.S. Economic Growth Appears Solid This Year

Kevin Kliesen

The Regional Economist, 2018, vol. 26, issue 2

Abstract: The U.S. economy continues to expand at a rate that exceeds its potential rate of growth (somewhere around 2.25 percent). The consensus of professional forecasters is that above-trend growth, perhaps close to 3 percent, will persist over the remainder of 2018, likely leading to further reductions in the unemployment rate. However, inflation has rebounded modestly and is now at the 2 percent target rate of the Federal Open Market Committee (FOMC). Overall, the near-term outlook for the national economy appears solid.

Date: 2018
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