A Clear But Winding Path
The US stock market notched its 18th new high of the year—and an all-time high at that—on August 29, less than two weeks ago, and is up 7.4% through last Friday, September 7, 2018. The US economy grew at a robust 4.2% year-over-year SAAR (seasonally adjusted at annual rates) pace in 2Q18, and the Atlanta Fed’s GDPNow forecast of current quarter growth stands taller at 4.4%—which would be the highest rate in 16 quarters.
Read the full commentary for insight on Fed policy, global trade and other key factors affecting the US economy in the near term.
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