Economic Update - May 2019
Watch this month’s Economic Video Update with Robert Spendlove, Economic and Public Policy Officer for Zions Bank.
Fears over an imminent US slowdown appear to be fading. In April, the labor market added a better-than-expected 263,000 jobs and the unemployment rate fell to 3.6 percent – the lowest level in nearly five decades. Gross domestic product, the broadest measure of economic activity, also registered well-above consensus estimates at 3.2 percent for the first quarter of 2019. However, despite solid economic and labor market activity, inflation remains persistently low and has some economists and Fed officials wondering if another interest rate cut is in the cards.
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.
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