RCF Economic Update and Forecast Summary January 2013

RCF’s latest economic update for January 2013 for the national economy is available now:icon RCF_Economic_Update_and_Forecast_January_2013.pdf (266 KB)


    • Economy enters 2013 in relatively good shape with employment growing steadily.
    • Tax increases and probable spending cuts resulting from fiscal cliff fix will negatively affect growth but not so much as to prevent gradual decline in unemployment.
    • Fed’s easy money policies will continue through 2013 and into 2014.
    • Yield curve will likely steepen; long-term rates may increase as a result of expectations of somewhat higher inflation.
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