March Bloomberg Survey and VS Projections
by Craig Dismuke, Dudley Carter
The March Bloomberg Survey of Economists showed weaker growth projections for 1Q19, and full-year growth in 2019 and 2020. The weaker growth expectations had little impact on projections for the strong labor market continuing, nor the expectations for inflation. However, interest rate forecasts did trend lower for yet another month. Economists continue to see only one more rate hike from the Fed, likely occurring in the second half of this year.