Consensus: Economists Raise Their Forecasts for Growth in 2015
I had the pleasure of attending the annual meeting of the National Association for Business Economics earlier this month, where economists upgraded their forecast for 2015 because of better-than-expected growth in the first half of the year.
Job creation is predicted to slow somewhat but still remain robust, with the U.S. economy adding about 200,000 jobs per month.
Nearly two-thirds of economists anticipate a rate hike by the Fed in the December FOMC meeting.
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