Economy Grew by 2.9 Percent in 2018
Headline Roundup February 28th, 2019
The economy grew by 2.9 percent in 2018, the Bureau of Economic Analysis reported today. Some media outlets emphasized that the 2.9 percent figure, which represents an average of the economy's growth over the course of the year, fell short of Trump's goal of 3 percent. Others noted that when comparing the fourth quarter of 2018 to the fourth quarter of 2017, the economy grew 3.1 percent.
The U.S. economy last year matched its best performance since the Great Recession of 2007-09. But is that as good as it's going to get?
The pace slowed from midyear after losing the momentum generated by tax cuts.
The U.S. economy cooled by less than expected last quarter as business investment picked up, suggesting growth could be stronger for longer as the Federal Reserve takes a patient approach to interest rates.