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Just because the economy is booming doesn’t mean that all is well

“If the Fed starts getting more alarmed, it could put rate hikes on hold until trade tensions are resolved” writes Jeffry Bartash for And economy could be poised to turn in the fastest quarterly growth rate in 15 years.On the surface the economy looks golden, but some tarnish might be starting to form underneath.Read: GDP might top 5% in the spring, set 15-year high A hint of trouble, however, lays ahead for the economy as it moves into the dog days of summer.Neil Dutta, head of economics at Renaissance Macro Research, said he suspects “the Fed will act a shock absorber if trade tensions continue to escalate.” The growing uncertainty, however, could gnaw at the economy for months.

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