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Published on Friday, July 13, 2018 | Updated on Monday, July 16, 2018

United States Economic Outlook. July 2018

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Summary

High growth and inflation will continue in 2018 & 2019. We now anticipate that the Fed will raise rates three times in 2019; for 2018, we maintain our baseline scenario of hikes in Sept. & Dec. Despite elevated volatility in the employment surveys we maintain our outlook for ongoing tightening in the labor market; unemployment rate to reach 3.7%.