INSUBCONTINENT EXCLUSIVE:
New York: So long, modest, moderate and solid
Strength is making a comeback
Washington, though it stuck with a plan to gradually lift borrowing costs as growth looks good and joblessness has stayed low.
Market
participants and economists fully expect officials to raise rates for a third time this year at their September meeting, with a fourth move
in December also on the cards
Policy makers forecast four 2018 rate hikes in projections they updated in June.
While the 2007-to-2009 recession grew from housing market
now.
The US economy grew at a 4.1 per cent rate in the second quarter, its fastest pace since 2014, though economists polled by Bloomberg
expect that to moderate in the second half
to be its long-run sustainable level.
