April 2018
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Month April 2018

Economic Outlook

Insights on the economy’s next moves…

GDP: 3.0% pace in ’18, up from 2.3% in ’17
JOBS: Big job gains will continue, but reflect a strong economy
INTEREST RATES: 10-year T-notes at 3.3% by end ’18
INFLATION: 2.6% in ’18, up from 2.1% in ’17
BUSINESS SPENDING: Up 7% in ’18, boosted by expanded tax breaks
ENERGY: Crude trading from $60 to $65 per barrel in June
HOUSING: Price growth: 5.0% by end of ’18
RETAIL SALES: Growing 4.7% in ’18 (excluding gas)
TRADE DEFICIT: Widening 5%-6% in ’18