Buoyed by consumption and business fixed investments, U.S. real GDP growth is expected to average close to 3 percent during the second half of 2018, according to professional forecasters.
Jobs in the St. Louis Fed’s District face a higher risk of automation than do jobs nation-wide. Smaller MSAs in the District will face bigger impact.
The Fed has been raising short-term rates. This lifts borrowing costs for everyone, including the U.S. government, but the effect on longer-term Treasury rates is less predictable.