The Year Ahead: Forces that will Shape the U.S. Rural Economy in 2019
After hitting an 8-year high in 2018, global economic growth will slow this year. Trade tensions, particularly between the U.S. and China, remain the leading global risk. In the U.S., we project that consumer strength will offset a slowing housing market and weaker business investment to keep the economy growing at a rate of 1.75-2.25 percent in 2019. The Federal Reserve is no longer locked into a tightening cycle aimed at returning to “neutral” conditions. Instead, we expect the Fed to stand pat on rates as it attempts to take its foot off the gas and coast safely through 2019. [node:read-more:link]