Economists at the CBO also have forecasted for inflation. They expect inflation, as measured by the personal consumption expenditure index, to stay below the Federal Reserve target of two percent until 2017. The latest numbers, from the Bureau of Labor Statistics, show inflation stood at -0.1%; which means prices are declining. Aren't these numbers scaring you guy's?????. The CBO also have forecasted that stronger hiring in the coming years will reduce unemployment from the current 5.5% to about 5.3% by the end of 2017. The Federal Reserve is more optimistic. Current forecasts call for unemployment to be in the range of 4.8% to a high of 5.1% by the end of 2017. I mean i dont undesrtand how they forecast such things that makes the situation look so weird. I hope the trump effect comes in to early and we see a new Economic outlook.
