The Economy in Focus

Second Quarter 2018

Executive Summary

June 11, 2018
George Mokrzan, PH.D., Director of Economics

In this report we we address key areas of the economy that have received a great deal of attention recently, namely:

  • Overview of our Economic Forecast for 2018 and 2019 featuring the expected continuation of the current economic expansion.
  •  Review of the most recent strong labor market data. Wage increases are probably on the way.
  • Consumers reawaken in spring after a slowdown early in the year.
  • A vibrant manufacturing sector, but capacity constraints are creating challenges.
  • Housing looks hot, but risk of overheating are still low. Is yeild curve inversion a concern? Probably not.
  • The international economy hits some speed bumps in 2018.
  • Private Sector Non-residential Investment — more than one typically thinks about.

Read the entire report

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