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Chicago Fed Letter, No. 340, 2015
Economy to Roll Along at a Solid Pace in 2015 and Accelerate Slightly in 2016
According to participants in the Chicago Fed’s annual Automotive Outlook Symposium, the nation’s economic growth is forecasted to be near its long-term average this year and to strengthen somewhat in 2016. Inflation is expected to decrease in 2015 but rebound in 2016. The unemployment rate is anticipated to move lower through the end of 2016, reaching 5 percent by then. Light vehicle sales are predicted to improve moderately in 2015 and 2016.
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