The U.S. Economic Month at a Glance: May 2018
The Conference Board of Canada
May 8, 2018
A snapshot of the U.S. economy for the last six months.
- Economic growth slowed down in the first quarter of this year, but we expect it to accelerate as the year unfolds due to the stimulus from tax cuts and higher government spending.
- The higher growth and ongoing tightening in labour markets has finally resulted in rising wages and inflation.
- This development will lead the Federal Reserve (Fed) to continue to increase interest rates at a modest pace over the course of this year.