2018 Should Be a Good Year, But Risks from Overheating Economy are Building

"2018 Should Be a Good Year, But Risks from Overheating Economy are Building"

"Most every forecaster has boosted expectations for GDP growth in 2018 to a range of 2.5 to 2.7 percent, which is 0.7 to 0.9 percent above the Federal Reserve’s noninflationary potential level. Let the party roll on. But, for the few who look further ahead than just the next few months, this kind of accelerating momentum in economic activity at a time when the economy is already operating at full capacity and the labor market is running out of employable workers is cause for worry."

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