Marketwatch reports:
For the fifth year in a row, Jim O’Sullivan was the best economic forecaster in America.
There's more:
What does O’Sullivan expect for 2016? More of the same, more or less. U.S. GDP should grow between 2% and 2.5%. The unemployment rate should fall to around 4.3% by the end of the year. Core inflation should accelerate modestly from 1.3% year-over-year now to about 1.8%, a couple of tenths higher than the Federal Reserve expects.
And if those predictions are right, then the Fed will probably raise interest rates five times this year, he says, more than the two times expected by the market or the four times expected by the Fed’s dot plot.
We think GDP will probably be lower than 2% in 2016.
