The US economy grew at its fastest rate in four years during the second quarter. Few outside of the White House believe such torrid growth can hold.
After a series of rises, the US central bank's policy meeting decided to hold interest rates in their current range. It also predicted a gloomier outlook for growth than that coming from Trump's White House.
Federal Reserve policymakers have raised the key interest rate one more time, thus drawing the ire of the US president. He had insisted a renewed rate hike would be bad, considering global economic uncertainties.
The partial closure of the US government has become the country's longest-ever shutdown. The Federal Reserve says its immediate impact on the economy is negligible, but an extended shutdown could prove a drag.
Over nearly 10 years, the world economy has been growing by a moderate but steady clip. In 2019 though, risks such as Brexit, trade wars and higher interest rates could spell the end to an unprecedented economic boom.
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