Revised Quarterly Forecasts

July 14, 2007

                                           

Q117

Q217

Q317

Q417

Q118

Q218

2016

2017

2018

 

GDP: Annual

1.4

2.6

3.0

2.6

1.2

2.8

1.6

2.3

2.3

 

GDP: Q4/Q4

           

1.9

2.4

2.3

 

CPI: Year/Year

2.6

1.9

1.8

1.5

1.2

1.9

1.3

1.9

1.6

 

Core CPI: Y/Y

2.1

1.8

1.7

1.7

1.6

1.9

2.2

1.8

1.9

 

Unemployment Rate

4.7

4.3

4.3

4.2

4.2

4.2

4.9

4.4

4.2

 

Fed Funds: End Qtr

0.875

1.125

1.375

1.375

1.625

1.875

0.625

1.375

2.125

 

Housing Starts (Mil)

           

1.18

1.21

1.30

 

Light Vehicles (Mil)

           

17.5

17.1

17.2

 

Retail Sales: Nominal

           

3.0

3.9

3.8

 

Retail Sales: Real

           

1.7

2.0

2.2

 

Crude Oil (Brent) $

           

44

47

49

 

Crude Oil (Cushing)

           

43

45

47

                         

Q317

Q417

Q118

Q218

Q318

Q418

2016

2017

2018

2019

Fed Funds: End Qtr

1.125

1.375

1.375

1.625

1.875

2.125

0.625

1.375

2.125

2.875

10-YR Treasury

           

2.45

2.55

2.775

2.94

30-YR Freddie Mac

           

4.20

4.28

4.48

4.63