U.S. Economic & Interest Rate Outlook
Also Interesting
2018 ended with outsized volatility in equity markets. Even on days with no particular news for the market to digest, the normally quiet final week of the year featured dramatic price swings. Analysts blamed the market’s anxiety on falling economic momentum and rising concern about recession. However, U.S. economic indicators remain strong, and we expect continued growth even amid downside risks. The deceleration reflected in our forecast has been widely expected. Tax reform had its maximum impact in the quarters immediately following its implementation, effects which will likely fade as we move through 2019. The return to regular rates of growth is not altogether disappointing, especially as the expansion approaches its tenth birthday.
