Market participants, central banks, and government agencies throughout the world rely on Macroeconomic Advisors to help them understand the U.S. economic outlook and how it effects government and international policies and domestic and foreign financial markets.
When the recent U.S. election sent up a surprise Presidency, we got this old bull market to spring back to life. Here are 3 key parts to the latest "Trump" rally.
Number One— A Republican President and Republican control of both the Senate and the House of Representatives means the chance of passing a spending bill is much higher.
The broad outlines of the forecast are little changed from recent forecasts.
We expect modestly abovetrend growth averaging just over 2%, a continued downward drift in the unemployment rate to 4.3% by early 2018 and a gradual rise in core inflation to the Fed's 2% target for overall PCE inflation of 2% by mid-2017.