I have been staying with the economic projections of the Federal Reserve System, basically because I think that they are as good as any other forecasts at the present time and because they catch the general malaise that exists within the US economy.
The current projections of the Federal Reserve System suggest that the rate of growth of the US economy will be 2.2 percent in 2019, 2.0 percent in 2020, 1.9 percent in 2021, and 1.8 percent in 2022.
Projections for inflation follow this pattern: for Personal Consumption Expenditures (PCE), inflation is projected to