Outlook for US economy remains mixed

Sep 10, 2013 | 05:44 PM | Catherine Ngai

Tags  MSCI, Federal Reserve, economic growth, William Strauss, Catherine Ngai

CHICAGO — Sluggish growth in the U.S. economy will likely persist in the coming year, although brighter signs are ahead, according to a senior Federal Reserve Bank economist.

"The economy has been expanding, and when you think about what’s been happening in the U.S., it’s sort of good news and bad news," William A. Strauss, senior economist and economic advisor at the Federal Reserve Bank of Chicago, said during the Metals Service Center Institute’s Economic Summit in Schaumburg, Ill. "The U.S. economy is the strongest economy in the world, but the bad news is that it only grew at 1.6 percent in the second quarter vs. the second-quarter basis. It’s also well below the 2-percent trend."....

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