Economics
The U.S. Economy Has Hit a Milestone
- Steady but unspectacular growth now nation’s second-longest
- Economy has a ‘shot at the record books’ if it stays on track
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With the calendar’s turn from April to May, the U.S. economic expansion has become the nation’s second-longest on record.
That milestone was reached as the Federal Reserve prepared to begin a two-day meeting in Washington on Tuesday. After a slow-but-steady slog over the past eight years and 10 months, most parts of the economy still look resilient.