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In the second quarter, the US economy grew by 4.2%. The slowdown in the third quarter was in line with analysts' average forecast.
Despite all the steady growth in the United States, most people expect the US Federal Reserve (Fed) to raise its benchmark rate in December, despite President Donald Trump's harsh criticism of monetary policy. This would be the fourth rate increase this year.
One of the main reasons for the strong growth in the United States is Trump's $ 1.5 trillion tax cut, which the president imposed on Congress almost a year ago.
For the fourth quarter of this year, analysts predict an average growth of 2.5% in the US and next year the positive effects of tax cuts are expected to decrease while the economy is dampened by the effects negatives of the trade dispute between China and China.
With this year's growth, the US economy has been growing for nine consecutive years, which means that we are in the second-longest growing period measured in US economic history. United.
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