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Download the Ecoomic Report Q1 2014 (PDF)
The economic recovery in the U.S. is broadly improving, despite a temporary slowdown due to extreme weather in the first quarter. The consumer is making a comeback, fueled by improved home values and equities hitting all-time highs. Meanwhile, the job market is turning a corner with the participation rate beginning to rise and all the jobs lost during the financial crisis finally replaced. The Fed continues on its path of tapering and if the pace continues tapering will be complete by the fall.
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