Economic Update — September 2018
The U.S. labor market continues to show surprising strength after adding a better-than-expected 201,000 jobs in August. The unemployment rate remains below 4 percent, at 3.9 percent, and annual wage growth jumped from 2.7 to 2.9 percent. With an expanding labor market and solid economic growth, the Federal Reserve is expected to raise the federal funds rate another quarter-point at its September meeting, bringing the target range to 2.0 – 2.25 percent.
Watch this month’s Economic Video Update with Robert Spendlove, Economic and Public Policy Officer for Zions Bank, as we discuss the current economic conditions and the Fed’s upcoming policy meeting.
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