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The Economy in Perspective

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Second guessing … With all the buzz about U.S. economic statistics in recent public discourse, one might almost believe that the ocean’s tides are now governed by the waxing and waning of the business cycle. Every statistic is analyzed not only for revelations about economic performance, but also for its likely effect on the Federal Reserve’s attitude about economic performance, partly because many people think the economy is at a turning point. Greater interest in economic life is certainly heartening, but this frenzy seems unwarranted.

Suggested citation: “The Economy in Perspective,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-05, pp. 01, 05.01.1998.

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