U.S. Economic Outlook

Print

Monthly Economic Outlook

Economists Nicole Cervi and Tim Quinlan discuss the outlook.

Watch video

Read our commentary and view forecast tables on U.S. economic conditions, including projections for the financial markets.

May

Trade war impact is just getting started – 05/08/2025

April

Tariffs likely will cause a modest stagflationary shock to the U.S. economy – 04/08/2025

March

U.S. economy appears to have lost some momentum recently – 03/13/2025

February

Tariffs likely to impart a modest stagflationary hit to the economy this year – 02/13/2025

January

U.S. economy has strong momentum, but policy uncertainty clouds the outlook – 01/16/2025

December

Economic growth downgraded in 2025 – 12/12/2024

November

2025 annual outlook – 11/21/2024