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U.S. Economy Continues to Strengthen

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Abstract

From an economic standpoint, 2017 was a good year. Compared with 2016, the U.S. economy registered stronger real gross domestic product (GDP) growth, continued low inflation, a further drop in the unemployment rate and record-high equity prices. Indeed, last year?s economic performance exceeded the expectations of most professional forecasters. This performance was all the more impressive since it occurred against the backdrop of a modest tightening in monetary policy?and, moreover, the prospect of further modest tightening actions in 2018.

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  • Kevin L. Kliesen, 2018. "U.S. Economy Continues to Strengthen," The Regional Economist, Federal Reserve Bank of St. Louis, vol. 26(1).
    • Handle: RePEc:fip:fedlre:00177
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