Updates to Our Economic Forecasts
2019 has been a busy year so far. The United States has weathered a 35-day government shutdown, global data have deteriorated further, trade headlines continue to dominate the news, and the Federal Reserve (Fed) has made a significant U-turn in monetary policy plans, all on top of the sharp market sell-off in late 2018. In response to the collective impact of these events, we’ve adjusted our 2019 economic forecasts [Figure 1].
In January, policymakers removed language from the Fed’s policy statement that “some further gradual (rate) increases” would be consistent with econom... Read more