The consensus and policymakers expect the US economy to slow. Recent data indicates the opposite is happening. Monetary and fiscal policy easing is on its way and that risks fueling an already strong economy. Wild swings in consensus expectations. Around this time a year ago, consensus expectations were that the US and global economy would slide into a recession with rising unemployment and falling economic growth that would force central banks to ease monetary policy. Instead the opposite happened. The US economy and the rest of world beat economic growth expectations and triggered an unwinding of the recession ... (full story)