Swiss Economicblogs.org
While there are plenty of signs we are in the late stage of the business cycle, and while the Fed is tightening policy, we do not expect a recession in the US.The US economy is doing fine and we continue to expect solid growth in the coming quarters. The strength of corporate profits versus still-subdued unit labour costs is a sign of the robustness of the underlying US business cycle.One risk sometimes evoked is a sudden acceleration in inflation. But we forecast that core PCE inflation...
Read More »The US economy is doing fine. What are the main risks?
