Philadelphia Fed Releases December 2017 Livingston Survey (December 2017)
Forecasters participating in the December 2017 Livingston Survey have predicted that GDP will rise at an annual rate of 2.9% in the second half of 2017 and 2.5% in the first half of 2018, an upward revision from what was previously predicted in the June Survey.
The unemployment rate is expected to fall, reaching 4.1% in December, 4.0% in June of 2018, and continuing the trend to 3.9% in December 2018.
CPI inflation is expected to be 2.1% in 2017, increasing to 2.2% 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 June.
The full report is available at the link below: