Highlights of the latest survey of economists from the Philly Fed

  • Core inflation seen at +1.8% in Q1 vs +1.7% previously
  • Core inflation seen at +1.9% in Q2 vs +1.8% previously
  • Unemployment rate seen at 4.0% vs 4.1% prior
  • Q1 GDP seen at 3.0% vs +2.4% prior
  • Q2 GDP seen at 2.9% vs 2.4% prior

Those are some good numbers but the same thing was seen in the every economist survey.