U.S. outlook for 2018

[...]the trade deficit has had a small improvement rather than the deterioration we expected. A key element in this outcome has been the labor force participation rate (the proportion of the working-age population that is active in the labor market). trough October, it has been constant rather than...

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Bibliographic Details
Published in:Indiana business review 2017-12, Vol.92 (4), p.1-3
Main Author: Witte, Willard E
Format: Article
Language:English
Subjects:
Consumer spending
Consumption
Economic conditions
Economic forecasts
Economic growth
Forecasts and trends
Government spending
Hurricanes
International trade
Investments
Job creation
Labor market
Market potential
Unemployment
United States economic conditions
US exports
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Summary:[...]the trade deficit has had a small improvement rather than the deterioration we expected. A key element in this outcome has been the labor force participation rate (the proportion of the working-age population that is active in the labor market). trough October, it has been constant rather than declining 0.2 percent as we were expecting. The trade balance will experience further deterioration, even with an increase in export growth. * The Federal Reserve will continue to raise rates with the federal funds rate above 2 percent by the end of 2018.
ISSN:0019-6541