Michael Boldin
Michael Boldin
above average economic economy employment far fast growth historical income increased leading pace past posting prospects ready seem settle sharp six three
With the leading economic indicators posting three consecutive sharp increases, the U.S. economy does not seem to be ready to settle down much from the fast pace of growth it experienced in 1998. Over the past six months, the index has increased 1.2 percent, which is far above its historical average and the prospects for growth in income and employment are very bright.
concerns expansion expected fed fight firmly half second volatility
The expansion is firmly on track. But because of concerns about if and when the Fed will tighten to fight inflation, some volatility can be expected in the second half of 1999.