In recent months, job growth has been strong enough that the Federal Reserve appears convinced that it needs to raise interest rates to keep rising wages from sparking inflation. And the performance of the U.S. economy has been so strong relative to the rest of the world that it has sent the value of the dollar soaring more than 16% on a trade-weighted basis since the middle of last year.
But not everyone is on the bandwagon just yet. At the National Competitiveness Forum this week in Washington, D.C., CEOs of some of the largest U.S. companies met to discuss what can be done to increase the competitiveness of American firms, and several expressed a different view of the economy from what we saw reflected in Friday’s jobs report and the subsequent stock market reaction.
Read Full Article »