Continuing financial turmoil in Asia has obscured the outlook for the U.S. economy next year.

Many economists had anticipated slower growth in 1998. But they assumed that scenario would unfold after an increase in interest rates by the Federal Reserve on concerns about the inflationary impact of a tight labor market.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.