Economic Forecasts

Insights & comments…

GDP: 2.7% in ’19, down from 2.9% in ’18
INTEREST RATES: 10-year T-notes ending ’19 at 3.6%, from 3.2% at EO ’18
INFLATION: 2.4% at end of ’19, unchanged from end of ’18
UNEMPLOYMENT: Dropping to 3.4% by end of ’19, from 3.7% at end of ’18
CRUDE OIL: Trading from $65 to $70 per barrel in March of ’19
RETAIL SALES: Up 4.5% in ’19 (ex. gas & autos), after a 5% rise in ’18

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