Although only 20,000 jobs were created in February, as the U.S. draws closer towards full employment, the best economic metric to look for in the coming months will be rising wages throughout most employment sectors.
The Federal Reserve is set to take a less aggressive approach to interest rate hikes in 2019 after the U.S. central bank instituted four rate increases in 2018.
The Federal Reserve Bank of Atlanta forecasts GDP growth at 4.1 percent in Q3 as chairman of the U.S. central bank Jerome Powell said at a conference that more economic growth is in store after half century-low jobless claims and a target goal of two percent inflation.
For Democrats running on the economy for the 2018 midterm elections, claiming the “crumbs” that came with the Tax Cuts and Jobs Act à la Nancy Pelosi have not helped Americans, jobless claims are in for last week, and Americans receiving unemployment aid has dropped to the lowest number since March 1973.
