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EconoMeter predictions for 2016


Sunday, January 3, 2016

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Kelly Cunningham, National University System
Answer: Inflation rate

The U.S. economy benefited from lower gas prices in 2015. Not spending as much at the pumps was a bonus for consumers who could spend on other goods and services, pay down some debt, and increase savings. Oil prices are not likely to remain so low, particularly given the turmoil of the Middle East, growing Asian demand, and other global tensions. Inflation is likely to tick upward impacting interest rates, housing markets, and overall prosperity.