Current U.S. economic recovery may end up as longest ever

Current U.S. economic recovery may end up as longest ever

July marks the 84th month of the U.S. economic recovery which, by the numbers, is the fourth longest economic recovery in the U.S. since 1850. If the recovery extends to the 120-month mark of June 2019, it would be the longest in history, and many economists believe it could reach that point due to an ultra-cautious Federal Reserve.  In recent recoveries, the Federal Reserve has reacted to economic downturns by raising interest rates, which makes a variety of loans more costly to obtain. However, during this recovery, interest rates were raised for the first time in nine years this past December, but only by a quarter of a percentage point. This tightening of the Federal Reserve and their refusal to raise interest rates are worrying economists about the future of the recovery and this inaction is persuading many of them that this will be the longest recovery in U.S. history.

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