US economy in its 6th-longest business cycle on record at 78 consecutive months of expansion, driven by monetary policy, fiscal stimulus, and AI investment.
Macro & Markets ·
The US economy has expanded for 78 consecutive months, marking the 6th-longest business cycle since 1854, exceeding the historical average of 49 months and median of 38 months. The longest recorded expansion lasted 128 months between 2009 and 2020. Unconventional monetary policy, large budget deficits, and increased AI investment appear to be extending the duration of current economic growth cycles.