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U.S. maneuvers through choppy waters

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Abstract

Since late last year, the U.S. economy has experienced a period of weaker-than-expected growth followed by a period of stronger-than-expected growth. Meanwhile, energy and commodity prices have continued to rise, inflation and long-term interest rates have picked up, and the dollar has continued to fall. Through it all, forecasts for real gross domestic product (GDP) growth, consumer price index (CPI) inflation, the unemployment rate and long-term nominal interest rates for 2006 and 2007 are little changed from a year earlier: The expansion continues for the foreseeable future.

Suggested Citation

  • Kevin L. Kliesen, 2006. "U.S. maneuvers through choppy waters," The Regional Economist, Federal Reserve Bank of St. Louis, issue Jul, pages 1-18.
    • Handle: RePEc:fip:fedlre:y:2006:i:jul:p:18
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    Keywords

    Economic indicators;

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