Higher Rock Education - Economics Blog

State of the Economy - December 2019

Friday, January 17, 2020

2019 was a remarkable year for the US economy It is likely that real gross domestic product grew over 2%. This is astonishing, given the economy is in the longest recorded expansion in our nation’s history. How much longer will the expansion continue? Will the consumer continue to support the economy? Read my analysis of recent government reports and predictions for 2010. More

State of the Economy - November 2019

Wednesday, December 18, 2019

Happy Holidays from the American consumer to the U.S. economy. The economy continues to thrive with the longest economic expansion ever recorded. Unemployment is at a 50-year low, and people continue to be added to payrolls. Real wages continue to increase, albeit at a slower pace. Stock indexes continue to reach record levels. Prices have increased close to the Federal Reserve’s 2.0% target. Will the consumer continue to support the economy? My views are in the summary – but first, four key reports published in November and early December have been summarized. More

State of the Economy - October 2019

Monday, November 18, 2019

American consumers continue to propel the economy forward.While U.S. economy remains healthy, it is showing signs of slowing to a more sustainable pace. Businesses are more cautious than consumers. They are worried a weaker global economy, the impact of a trade war, and political uncertainties threaten the current record-breaking expansion. The Federal Reserve shares these concerns More

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

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