Question

Could you explain about US economy today?

such as Economic trends

Answer 1

The key indicator of any economy is GDP growth rate, inflation rate, unemployment rate and interest rate .I will discuss current situation of all these in the answer.

It is expected that GDP growth will take place at a rate of 2.5% in 218 which is similar to that of 2017 .

It is expected that inflation will be 1.9% in 2018 and which is going to rise to 2% in 2019 .1.9% inflation rate in 2018 is close to the target of 2% of federal reserve .

the federal open market committee increased the current fund rate to 1.5% in December 2017

It is expected that unemployment rate will drop to 3.9% in 2018 from 4.1% in 2017.

So from all these trends we can conclude that US economy is in stable condition all the critical indicators are showing positive sign.