This Expansion Hasn't Stalled It's Just On Cruise ControlBy
The economy's downshift, now evident in most of the data, was likely even without the Federal Reserve's four taps on the brakes starting back in February. Now, those four hikes in interest rates only assure that the slowing trend will continue. Of course, that's the Fed's goal: to give the economy a smooth trip by avoiding a spike in inflation that could blow a tire and wreck the expansion.
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