Journal Article

U.S. Economy Continues to Strengthen

Abstract: From an economic standpoint, 2017 was a good year. Compared with 2016, the U.S. economy registered stronger real gross domestic product (GDP) growth, continued low inflation, a further drop in the unemployment rate and record-high equity prices. Indeed, last year?s economic performance exceeded the expectations of most professional forecasters. This performance was all the more impressive since it occurred against the backdrop of a modest tightening in monetary policy?and, moreover, the prospect of further modest tightening actions in 2018.

Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: The Regional Economist

Publication Date: 2018

Volume: 26

Issue: 1

Order Number: 8