St. Louis Fed: U.S. Economy To See 3% GDP Expansion In 2018

A consensus of Federal Reserve forecasters now expect the U.S. economy to expand at an annual rate of 3% in 2018 following the strong reading in the second quarter and increasing concerns that some broad-based economic indicators imply weaker growth.

In a recent report by the St. Louis Federal Reserve Eighth District, economist Kevin Kliesen said the near doubling of the real Gross Domestic Product growth rate in the second quarter will help the U.S. economy close out the remainder of the year well ahead of last year’s tepid 2.3% expansion.   MORE

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