On This Page: July 2014, No. 324b

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Economy to Move Down the Road at a Solid Pace in 2014 and Accelerate Slightly in 2015 (Special Issue)
Last Updated: 06/23/14

According to participants in the Chicago Fed’s annual Automotive Outlook Symposium, the nation’s economic growth is forecasted to be solid this year and to strengthen somewhat in 2015. Inflation is expected to increase in 2014 and remain flat in 2015. The unemployment rate is anticipated to move lower but remain near 6% through the end of 2015. Light vehicle sales are predicted to improve moderately in 2014 and 2015.