outlook 4324

February 2, 2018 Economic Outlook

Feb 2, 2018  | Ep4324

Whether you believe in the concept of Groundhog Day or not, it was Deja vu all over again for some sectors of the U.S. economy. --

The unemployment rate held steady at 4.1 percent for the fourth month in a row.

Higher wages and lower corporate taxes helped push the number of new jobs created to 200,000.

Consumer confidence rose more than 2 percentage points on hopes of improved growth throughout 2018.

That confidence translated into a 0.4 percent increase in consumer spending.

All these factors motivated the Fed to leave interest rates alone as Janet Yellen presided over her final FOMC meeting. 

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