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current macroeconomic situation Indicators

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In at least 300 words with a reference and an article, please help me explain What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time? Please help me explain data trends on unemployment, inflation, GDP growth, expasionary fiscal policy tools.

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Solution Summary

This solution explains the current macroeconomic indicators, the fiscal policy, and monetary policy of United States. The sources used are also included in the solution.

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Step 1
The current macroeconomic situation in the United States is that the GDP growth rate is 2.5% according to January 2014 figures. According to the Bureau of Economic Analysis the quarterly figures for 3rd quarter 2013 is 4.1 percent and 4th quarter 2013 is 2.6 percent. The unemployment rate was 7.2 in October 2013, this figure has declined to 6.7% in March 2014. The inflation rate in January 2014 was 2.93% and in February was 2.87%

Step 2
The macroeconomic indicators of the United States show that the recovery has begun. The GDP growth rate is positive and is increasing. The unemployment rate is ...

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