Economists, businesses and the American public have all been watching the U.S. Federal Reserve very closely in recent months for any indication of when it might begin to remove the unprecedented support it has provided the U.S. economy since the start of the financial crisis. Increased traffic levels in recent months indicate that while the time for such action might be near, the Fed will have to walk a very fine line as it considers tapping on the brakes.
Feel like traffic has been slowing down lately? You’re not the only one. According to the latest INRIX Gridlock Index (IGI) [please link to release on INRIX.com] drivers across the U.S. spent more time stuck in traffic last June than they did in June 2012, with the national level of traffic congestion jumping by over 8 percent. Great news for economists and policymakers on the lookout for signs of an improving economy, but not so much fun for the rest of us.
The latest INRIX Gridlock Index (IGI) shows drivers across the nation spent more time stuck in traffic last May than they did in May 2012, as traffic jumped by almost 10 percent.
The latest INRIX Gridlock Index (IGI) shows drivers have been spending a lot more time sitting bumper-to-bumper. Traffic jumped by almost 10 percent during February, for the largest year-over-year increase ever recorded by our 100-metro area index.
The latest edition of the INRIX Gridlock Index is out and shows more signs of life in the U.S. economy.