The August 2017 Wall Street Journal Economic Forecast Survey was published on August 10, 2017. The headline is “WSJ Survey: Most Economists Expect Next Fed Rate Increase in December.”
I found numerous items to be notable – although I don’t necessarily agree with them – both within the article and in the “Economist Q&A” section.
Economists surveyed by The Wall Street Journal this month see the Federal Reserve raising interest rates once more in 2017 and three times in 2018, a view that matches the Fed’s own projections.
As seen in the “Recession Probability” section, the average response as to the odds of another recession starting within the next 12 months was 15.00%. The individual estimates, of those who responded, ranged from 0% to 35%. For reference, the average response in July’s survey was 14.78%.
As stated in the article, the survey’s respondents were 62 academic, financial and business economists. Not every economist answered every question.
The current average forecasts among economists polled include the following:
full-year 2017: 2.2%
full-year 2018: 2.4%
full-year 2019: 1.9%
December 2017: 4.2%
December 2018: 4.1%
December 2019: 4.2%
10-Year Treasury Yield:
December 2017: 2.60%
December 2018: 3.03%
December 2019: 3.31%
Please Note – The above is excerpted from the EconomicGreenfield.com (published by RevSD, LLC) post of August 10, 2017, titled “The August 2017 Wall Street Journal Economic Forecast Survey”
RevSD, LLC offers the above commentary for informational purposes only, and does not necessarily agree with the views expressed by these outside parties.
RevSD, LLC is a management consulting firm and strategic advisory that focuses on the analysis of current and future weak(ening) economic conditions, and offers businesses and other entities advice, strategies, and actionable methods on how to optimally adapt to such challenging, complex conditions.