Economic Forecasts

GDP growth: 2.6%, in ’19, down from 2.9% in ’18

Interest rates: 10-year T-notes ending ’19 at 2.8%, from 2.5% currently

Inflation: 2.2% at end of ’19, from 1.9% at end of ’18

Unemployment: Dropping to 3.6% by end of ’19, from 3.8% currently

Crude Oil: Trading from $60 to $65 per barrel in August

Corporate earnings: Large firms up 3% in ’19, 12% in ’20 [data from Refinitiv]

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