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Market Storm Fails to Dent Economists’ Solid U.S. Growth Outlook

  • U.S. selloff doesn’t yet have whiff of ‘disorderly correction’
  • Still-easy financial conditions suggest Fed will signal hike
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Equity-market selloffs time and again have portended economic trouble, but the current tumble just isn’t enough to cloud the sunny consensus for strong U.S. growth this year.

So say economists observing the wreckage on Wall Street as the S&P 500 Index sinks near so-called correction territory. Stocks are down 7.5% for the year, even after rallying back from a 4% rout on Monday to gain 0.3% by the day’s close. The January retreat comes after the U.S. stock market surged by some $27 trillion the last three years.