The Conference Board Economics Watch® United States View

The US economy remains on a steady growth trend but consumption and investment growth are failing to show the type of gains that more robust confidence indicators signal.  For growth to move into a higher gear, wage acceleration will have to commence. Faster inflation too could help drive investment by making it easier for firms to raise prices and boost profits. Should current trends persist, growth for 2017 will be just above 2 percent.

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