Q1 2018: Savings rate

Against a historically low growth environment, the consumer stands out as the engine of the U.S. economy.
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Q1 2018: Unemployment rate

The monthly payroll report will be front and center of the economic landscape again in 2018. In particular, the unemployment rate has now moved well below the Fed’s long-run equilibrium estimate.
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Q1 2018: Growth beyond potential

Recent positive cyclical momentum looks set to continue for some time, but long-term structural headwinds remain firmly entrenched. Despite strong growth, low interest rates could challenge investors in 2018.
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Q1 2018: Business investment

Weak business investment, which has underperformed during this expansion, is an obvious culprit holding back a productivity-related boost to potential output.
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Q1 2018: Potential GDP

Over the past several years, the Fed has revised its estimate of potential GDP growth downward. Lower potential growth has enormous implications for output, aggregate demand, and revenue generation in our economy.
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Q1 2018: Growth beyond potential

Today’s economic landscape may challenge the performance of traditional investments going forward. Recent positive cyclical momentum looks set to continue for some time, but long-term structural headwinds remain firmly entrenched. Despite strong growth, low interest rates could challenge investors in 2018.
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