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Clarida: U.S. Economic Outlook and Monetary Policy
Thank you for the opportunity to participate in this CFA Institute conference on fixed-income management. Before we begin our conversation, I would like to share a few thoughts about the outlook for the U.S. economy and monetary policy.1 The U.S. economy is in a good place, and the baseline outlook is favorable. The median expectation from Federal Open Market Committee (FOMC) participants' most recent Summary of Economic Projections is for GDP growth to be around 2 percent in 2019, for growth to continue near this pace next year, and for personal consumption expenditures (PCE) inflation to rise gradually to our ... (full story)
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