4.1% Economic Growth Confirms the Fed’s Plans to Hike 2 More Times in 2018

The economy grew 4.1% in the second quarter, according to a government estimate released Friday.

The breach of 4% economic growth is an important milestone for the economy, especially this late in the economic cycle.

The latest reading on the health of the economy still keeps the Federal Reserve on track for two more rate hikes this year and three in 2019, according to market strategist Nick Colas, co-founder of DataTrek Research.

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