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U.S. Economic Growth Appears Solid This Year

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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.

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  • Kevin L. Kliesen, 2018. "U.S. Economic Growth Appears Solid This Year," The Regional Economist, Federal Reserve Bank of St. Louis, vol. 26(2).
    • Handle: RePEc:fip:fedlre:00186
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