Economic Perspectives
Breaking the Record: United States Economic Expansion
Enters Its Eleventh Year
Authored by Brian Jones, FHLBNY Financial Economist
Highlights
July 15, 2019
Current economic expansion is now the longest in U.S. history, but remains the slowest since WW II
Labor productivity and compensation costs growth weakest of any post-WW II cyclical upturn
Other data compare favorably to those of the previous decade-long expansion
U.S. expansion third longest among developing countries, but still shy of other record holders
Probability of a near-term downturn negligible, inverted yield curve remains a concern further out
Official institutions and private forecasters expect the current upturn to continue through 2021
Tearing June’s page from the calendar, the current business cycle upturn became the longest in our Nation’s history. More than double the average 58.4-month duration of prior post-World War II expansions, the recovery from the Great Recession…
Disclaimer. The Federal Home Loan Bank of New York (“FHLBNY”) is providing this report for informational purposes only. This report should not be construed as an opinion, recommendation, or solicitation regarding the use of any financial strategy and/or the purchase or sale of any financial instrument. The recipients of this report are advised to conduct their own independent due diligence and consult with financial advisors, accountants, and attorneys before making any investment, credit, or any other financial decisions. FHLBNY does not warrant the completeness or accuracy of this report. The past performance of any FHLBNY service or product should not be viewed as a guarantee of future results. The information contained in this report, as well as the services and products provided by the FHLBNY, may change at any time without notice.
Latest News
06/24/2022
Amendment to the FHLBNY Capital Plan Appendix Effective August 1, 2022
06/02/2022
Report from the President: Approaching 90, the Power of Partnership Prevails
04/28/2022
FHLBNY Announces First Quarter 2022 Operating Highlights
12/11/2019
A Review of Housing Statistics at the End of 2019
11/05/2019
Five Ways to Manage Your Balance Sheet in a Volatile Rate Environment