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
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