Q1 2017 Capital Market Review
July 25, 2017
The U.S. economy has been on solid footing for some time. Stable economic growth has materialized with consistent employment gains, equating to 16 million private sector jobs added since 2010. The unemployment rate has hovered at estimates consistent with the US economy’s natural rate of unemployment. Tighter labor markets have resulted in wage increases meaningfully outstripping the current inflation rate. Inflation appears likely to reach upward to the Fed’s 2% target by the end of this year.