Higher Rock Education - Economics Blog

State of The Economy - September 2019

Tuesday, October 22, 2019

The United States’ economy continues to show signs of reaching its peak. Next week the Federal Reserve’s Federal Open Market Committee (FOMC) will consider reducing its target federal funds rate for the third straight meeting to prolong the current record-breaking expansion. The American household has continued to propel the economy forward. Job security fostered by the lowest unemployment rate in 50 years, and higher incomes have encouraged consumers to spend. But there have been signs that con More

State of the US Economy - August 2019

Thursday, September 19, 2019

A trade war, and slowing global economies have hurt the industrial sector, but our service economy has been more resilient and helped the US economy remain relatively healthy. Approximately 80% of the US labor force work in the service economy. Household income is rising, and people feel secure in their employment status. Households should continue to spend more. Consumer spending remains the US economy’s primary driver. Yet, manufacturing is suffering. More

State of The Economy - May 2019

Sunday, June 09, 2019

The May economic reports indicate that the US economy continues to thrive, although some economists fear the expansion is near its peak and threatened by the trade wars. Many of this group believe expansionary monetary policy is appropriate to prolong the expansion. Access ten reports and read my summary and analysis. More

State of the Economy - April 2019

Tuesday, April 30, 2019

During the first quarter of 2019, the United States economy grew 3.2%, which is remarkable given the economy is nearly a decade into its most recent expansion. Employment is strong and workers continue to be added to payrolls. Inflation has been so tame that the Federal Reserve chose to discontinue its policy of tightening. Yet, as always, there are a few concerns. Review my summary of these important government reports and read my analysis at the end of this blog. More

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