Key Perspectives, Economic Outlook, June 2018
Rising inflation made investors worry that the Fed would tighten monetary policy faster, driving equity prices lower on fears of recession earlier this year.
- Consumer spending is up.
- Industrial activity has accelerated because of more oil production and higher capital expenditures.
- Broad inflation measures remain contained.
- The US dollar has risen and will be supported by stronger US growth, moderate growth overseas and rising US interest rates.