Time Magazine International Edition

TWO-WAY MAIN STREET

The numbers keep rolling in to confirm: Things look very good in the U.S. economy. Employers added half a million jobs in January, more than twice as many as economists had predicted. Spending by U.S. households rose 1.8% over December, and retail sales jumped at a higher rate than they had for nearly two years.

You’d think it would be time to kick back, sip a martini, and celebrate. But it’s not. The continued strength of the U.S. economy means the Federal

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