NumberNomics

We continue to believe that GDP growth is not nearly as soft as what others seem to anticipate. At the same time the inflation rate is on the rise. If that is true, the Fed may not cut rates one last time in December. Our sense is that the funds rate will be steady at 1.9% through the end of 2020. But with the inflation rate rising long-term interest rates should rise. Expect the 10-year note to climb from 1.7% currently to 2.5% by the end of next year.

You can see our latest forecasts for GDP growth, inflation, and interest rates on our website as well as a piece about the future of the housing market:

Happy reading!

NumberNomics Notes | NomicsNotes from NumberNomics Housing Sector Rebounding, But It Cannot Go Far by sslifer | Sep 27, 2019 | Commentary for the Week, NumberNomics NotesSeptember 27, 2019 There is ample evidence that the housing sector is on the mend following its steady slide over the course of the past year. The improvement reflects a drop to nea...

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