10202018Sat
Last updateFri, 19 Oct 2018 1pm

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Manufacturing & The Economy

U.S. Economy Appears Well-Positioned for Second Half

The U.S. economy entered its 10th year of economic expansion last month, and recent data point to continued economic growth for the second half of the year. According to Laton Russell of the Dallas Federal Reserve, robust consumer spending, above-trend labor force growth, and elevated business and consumer sentiment support above-potential growth through the rest of 2018. Inflation measures remain at or just below the Federal Reserve’s 2% target, and long-run inflation expectations are little changed. 

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