Steimer Says: Hoping for optimism in Memphis


Memphis’ economy needs more hope.

The city is coming off a strong 2017: Its real estate sector is surging, and its unemployment rate remains about as low as it’s ever been.

And yet, only 42 percent of the Federal Reserve Bank of St. Louis’ Memphis contacts reported that they expect local economic conditions to be at least somewhat better heading into 2018 than they were in the previous year.

The same contacts expressed even lower confidence in early 2017 — pessimism that ultimately was…

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