Markets News Regulators 

After nine years of U.S. recovery, Fed sheds anxieties

“This is the most lopsided, mismatched labor market in the nation’s history,” said Chris Rupkey, chief financial economist at MUFG Union Bank” writes Midwest Communications Inc for “The labor market is on fire.”. Prices did not spike in response to the immense monetary stimulus, nor has the job market cooled since 2015 when the Fed began tightening policy.But for now, the Atlanta Fed estimates the U.S. economy is roaring at a 4.6 percent rate, a level it reached only twice since the recession.Economists generally expect growth to remain above 3 percent through year end, while Fed policymakers raised their forecast a touch to 2.8 percent on Wednesday.

Share This:

Related posts