{"id":1004238005,"date":"2018-06-26T05:39:33","date_gmt":"2018-06-26T13:39:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004238005"},"modified":"2022-12-08T14:50:48","modified_gmt":"2022-12-08T22:50:48","slug":"economy-watch-weekly-us-economic-expansion-enters-third-cycle","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-weekly-us-economic-expansion-enters-third-cycle\/","title":{"rendered":"Economy Watch Weekly: US Economic Expansion Enters Third Cycle"},"content":{"rendered":"<p>The <a href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-us-expansion-showing-its-age-wells-fargo-reports\/\">current U.S. economic expansion<\/a>\u2014which has been going on almost as long as any in U.S. history\u2014is at the beginning of its final third, while other developed and emerging economies aren\u2019t quite as far along in their business cycles, according to the Wells Fargo Investment Institute 2018 Midyear Outlook.&nbsp;The characteristics of the last third of a cycle are when growth moderates, credit tightens, earnings are pressured, interest rates rise faster, confidence peaks&nbsp;and inflation is higher.&nbsp;<\/p>\n<div id=\"attachment_1004127908\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/CPERadio.png\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004127908\" data-attachment-id=\"1004127908\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-weekly-new-goods\/cperadio\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/CPERadio.png\" data-orig-size=\"930,608\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"CPERadio\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Listen to the podcast above.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/CPERadio.png?w=930\" loading=\"lazy\" class=\"size-medium wp-image-1004127908\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/CPERadio.png\" alt=\"\" width=\"300\" height=\"196\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/CPERadio.png 930w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/CPERadio.png?resize=300,196 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/09\/CPERadio.png?resize=768,502 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004127908\" class=\"wp-caption-text\">Listen to the podcast above.<\/p><\/div>\n<p>Associated Builders and Contractors reported recently that its Construction Backlog Indicator (CBI) contracted to 8.8 months during the first quarter of 2018, <a href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-project-backlog-eases-in-first-quarter\/\">down 9 percent from the previous quarter<\/a>. Economy Editor Dees Stribling gives a breakdown of these two topics, for the week ending June 22, 2018.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economy Editor Dees Stribling offers an outlook on the longest economic cycle in U.S. history, based on the Wells Fargo Investment Institute\u2019s midyear analysis. <\/p>\n","protected":false},"author":240,"featured_media":1004127908,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"audio","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742,21795],"tags":[33147,33277],"class_list":["post-1004238005","post","type-post","status-publish","format-audio","has-post-thumbnail","hentry","category-national","category-latest","category-podcasts","tag-associated-builders-and-contractors","tag-wells-fargo","post_format-post-format-audio"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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