Fed Stance Explained? US Growth Could Slow Further as Job Market Rebalances

From Investing.com:

The US economy is forecasted to show a 2.0% growth rate in the first quarter, indicating a slight slowdown from Q4. Despite this decline, experts believe the current growth level is not cause for recession concerns. The PMI survey data also reflects a modest easing in economic activity. Some speculate that the Federal Reserve may consider rate cuts later this year to support the slowing momentum. However, the strong labor market continues to provide stability, with low new filings for unemployment benefits. Job growth is expected to slow, but the unemployment rate is projected to remain low in 2019.



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