06.16.2017
Forecasters participating in the June 2017 Livingston Survey have predicted that GDP will rise at an annual rate of 2.1% in the first half of 2017 and 2.5% in the second half a change from 2.2% and 2.4% (respectively) as previously predicted in the December Survey.
The unemployment rate is expected to fall reaching 4.4% in June 4.3% in December and continuing the trend to 4.2% in June 2018.
CPI inflation is expected to be 2.4% in 2017 decreasing to 2.3% in 2018.
The Livingston Survey published by the Federal Reserve Bank of Philadelphia is the oldest continuous survey of economists’ expectations. EPR’s Bob Chase is a long-time participant.
The next Survey is scheduled to be released in December.
The full report is available at the link below:
