"Economy on track for best growth in nine years"

Economy on track for best growth in nine years

By Jeffry Bartash at Market Watch

http://www.marketwatch.com/story/economy-on-track-for-best-growth-in-nine-years-2014-10-26

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“The fundamentals of the economy are stronger now,” said Gus Faucher, senior economist at PNC Financial Services. “We don’t have the same drag from government-spending cuts. Corporate balance sheets are pretty good. Households have less debt. The economy is adding 200,000 jobs a month.”

As a result, the Federal Reserve is expected to end a long-running economic-stimulus program this week when top central bankers meet to fine-tune their strategy to help the nation grow.

The economy won’t truly turn the corner, however, until businesses boost investment and Americans start to spend more freely. The upcoming slate of economic reports this week will offer further clues on the behavior of companies and consumers.

Split picture

U.S. executives are probably seeing double vision these days. Sales are rising at home as companies hire more workers and newly employed Americans spend money. But U.S. exports could take a hit with Europe on the doorstep of another recession and China and Japan also slowing.




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