Economic Insights – July 2019

As of July 1, the U.S. economy broke a record for its longest expansion ever, with growth in its 121st month, according to the National Bureau of Economic Research. The economy set its previous 120-month expansion record between March 1991 and March 2001. That boom ended when the dot-com bubble burst.

Notably, the rate of growth has been slower this time than during most periods of economic expa.....