SIFMA’s Economic Advisory Roundtable forecasted that the U.S. economy will grow 2.3 percent in 2017, strengthening to 2.5 percent in 2018. The current outlook for 2017 and 2018 is stronger than the Roundtable’s mid-year predictions of 2.1 percent and 2.3 percent, respectively.

Monetary Policy:

Respondents were unanimous in their expectation that the Federal Open Market Committee (FOMC) will raise the Federal Reserve’s target rate range by 25 basis points at the December 12-13, 2017 meeting.

Respondents were divided on the number of rate hikes they expect in 2018: 41 percent of respondents expect three rate hikes in 2018, 38 percent of respondents expect two, 17 percent expect four rate hikes and the remainder, only one rate hike.

The report also includes forecasts concerning the employment outlook, oil prices, tax and regulatory reform, among other issues.

Podcast

For more, listen to the podcast with Brett Ryan Senior U.S. Economist, Deutsche Bank Securities and chairman of SIFMA’s Economic Advisory Roundtable.

About the Report

A semiannual survey of SIFMA’s Economic Advisory Roundtable concerning the U.S. economic outlook and rates forecasts.

Credits

SIFMA

• Staff Advisor: Kyle Brandon

SIFMA Economic Advisory Roundtable 2017-2018

• Chair: Brett Ryan, Deutsche Bank