The July Wall Street Journal Economic Forecast Survey was published on July 17, 2014. The headline is “WSJ Survey: Economists Worry the Fed Will Keep Rates Low Too Long.”
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.
Some 79% of the 42 economists who answered the question said the greater risk is that the Fed will raise rates too late, versus 21% who said the greater risk is that the Fed will raise rates too soon.
As seen in the “Economic Indicators” section, the average response as to the odds of another recession starting within the next 12 months was 12.13%; June’s average response was 11.36%.
The current average forecasts among economists polled include the following:
full-year 2014: 1.6%
full-year 2015: 2.9%
full-year 2016: 2.8%
December 2014: 5.9%
December 2015: 5.5%
December 2016: 5.3%
10-Year Treasury Yield:
December 2014: 3.07%
December 2015: 3.69%
December 2016: 4.13%
Please Note – The above is excerpted from the EconomicGreenfield.com (published by StratX, LLC) post of July 18, 2014, titled “The July 2014 Wall Street Journal Economic Forecast Survey”
StratX, LLC offers the above commentary for informational purposes only, and does not necessarily agree with the views expressed by these outside parties.
StratX, LLC (stratxllc.com) 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.