Markets & Economy

The Economy: June 2018

THE ECONOMY: As of June 2018

Despite continued stock market volatility and increasing risks surrounding trade policy, underlying economic growth in the U.S. looks solid. The Atlanta Federal Reserve is projecting just over 4% GDP growth for the 2nd quarter. Equities have slowly moved higher since their correction in February, with the S&P 500 now up a modest 2.65% year-to-date. Small cap stocks have been the standout though, rising 7.66% over the first half of 2018. The Federal Reserve raised its key federal funds rate again after its June meeting, and is projecting one to two more increases for the duration of the year.