The Economy in Focus: Q1 2018

Executive Summary

March 26, 2018
George Mokrzan, PH.D., Director of Economics

In this report we discuss three important areas of the economy that have received a great deal of attention recently, namely:

  • Economic Growth has given some mixed signals, but fundamentals are pointing to solid economic growth in 2018. “The Tax Cut and Jobs Act of 2017” is expected to be a catalyst as the year progresses.
  • Core consumer inflation has been steady, but inflation has been broadening in the economy overall. Future interest rates will likely reflect a “normalizing” inflation and interest rate environment.
  • Business Activity has been accelerating, and 2018 is expected to show the strongest overall growth since 2005. Conflicts over International trade pose a potential risk. However, if new improved trade terms result for the U.S., then U.S. export growth could benefit in the long-term.

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