If you were to place the economy into categories of:
- Early expansion
- Middle Expansion
- Late expansion
- Early Contraction
- Late contraction?
And I'll take a stab at it here myself.
- Consumer Confidence numbers are still pretty good and not plunging.
- Interest rates have risen but don't seem terribly high, even though they have paused. I feel there is plenty of room for higher rates if the fed must cut inflation down the road
- GDP continues to rise.
I'm not very good at this, as I've never tried to gain expertise on the basic numbers that make up the economy. Anyone else want to take a shot at placing the US economy into it's proper position in the economic cycle?