Economic Outlook  >  National  >  Concensus Forecasting

Concensus Forecasting

As of January 2, 2006:

Creighton Forecasting Group's consensus forecasts next 3 months (all rates are annualized and seasonally adjusted):

  • Interest rates - Prime -current 7.25% will rise to 7.50% by February 1, 2006.  30 year mortgage rates will rise by 20 basis points by the end of Quarter 2, 2006.
  • U.S. employment growth will be 0.9%(annualized & seasonally adjusted) for Quarter 1, 2006.
  • Inflation rate, as measured by the CPI will  decline to an annualized rate of 3.1% in Quarter 1, 2006.
  • GDP growth (annualized and seasonally adjusted) will be 3.0% for Quarter 1, 2006 and 2.9% for Quarter 2, 2006.