1

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47

WSJ Economic Survey November 2015

Bonds
Name:
Organization:
Dec 2015
June 2016
2.20
2.40
Lewis Alexander
Nomura Securities International
2.50
2.80
Paul Ashworth
Capital Economics
2.28
2.45
Bernard Baumohl
Economic Outlook Group
2.37
2.63
Nariman Behravesh
IHS Global Insight
2.50
2.75
David Berson
Nationwide Insurance
Brian Bethune *
Tufts University
3.00
3.50
Ram Bhagavatula
Combinatorics Capital
Steven Blitz
ITG Investment Research
2.20
2.40
Beth Ann Bovino
Standard and Poor's
Michael Carey
Credit Agricole CIB
2.50
3.00
Joseph Carson
AllianceBernstein
2.40
2.60
Mike Cosgrove
Econoclast
2.50
2.75
Lou Crandall
Wrightson ICAP
2.44
2.89
David Crowe
National Association of Home Bu
2.50
3.00
J. Dewey Daane
Vanderbilt University
2.42
2.51
Greg Daco
Oxford Economics
2.32
2.57
Rajeev Dhawan
Georgia State University
Shawn DuBravac *
Consumer Electronics Association
2.20
2.40
Douglas Duncan
Fannie Mae
2.32
2.40
Robert Dye
Comerica Bank
2.50
2.75
Maria Fiorini Ramirez/Joshua Shapir MFR, Inc.
2.30
2.60
Mike Fratantoni
Mortgage Bankers Association
Michael Gapen
Barclays Capital
Michael Gregory *
BMO Capital
2.35
2.65
Ethan Harris
Bank of America Securities- Merr
2.40
2.40
Maury Harris
UBS
Jan Hatzius *
Goldman, Sachs & Co.
2.40
2.80
Tracy Herrick
Avidbank
Stuart Hoffman *
PNC Financial Services Group
Derek Holt *
Scotiabank
2.60
3.10
Constance Hunter
KPMG
2.33
2.40
BBVA Compass
2.35
2.65
Jack Kleinhenz
National Retail Federation
2.25
2.50
Joseph LaVorgna
Deutsche Bank Securities, Inc.
2.40
2.90
Edward Leamer/David Shulman
UCLA Anderson Forecast
2.50
3.00
Don Leavens/Tim Gill
NEMA Business Information Ser
2.10
1.70
Kevin Logan
HSBC Securities
2.25
2.45
John Lonski
Moody's Investors Service
2.10
2.40
Aneta Markowska
Societe Generale
Ward McCarthy *
Jeffries & Company
Jim Meil *
ACT Research
2.35
2.45
Robert Mellman
JP Morgan Chase & Co.
2.30
2.45
Michael Moran
Daiwa Capital
2.32
2.80
Chad Moutray
National Association of Manufac
2.40
3.05
Joel Naroff
Naroff Economic Advisors
2.70
3.90
Mark Nielson
MacroEcon Global Advisors
2.50
3.10
Jim O'Sullivan
High Frequency Economics

48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72

Lindsey Piegza
Tom Porcelli
Dr. Joel Prakken/ Chris Varvares
Russell Price
Arun Raha
Lynn Reaser
Martin Regalia
Ian Shepherdson
John Silvia
Allen Sinai
James F. Smith
Sean M. Snaith
Sung Won Sohn
Stephen Stanley
Susan M. Sterne
James Sweeney
Kevin Swift
Diane Swonk
Carl Tannenbaum
US Economics Team
Bart van Ark
Brian S. Wesbury/ Robert Stein
William T. Wilson
Lawrence Yun
Ellen Zentner *

2.10
2.45

2.20
2.80

2.45
2.40
2.35
2.30
2.50
2.20
2.42
2.35
2.36
2.15
2.50
2.50
2.30
2.25
2.30
2.30

2.50
2.30
2.65
2.75
3.00
2.35
2.71
2.89
2.64
2.35
3.50
2.40
2.50
2.55
2.60
2.50

2.40
2.50
2.40
2.30

2.50
2.80
3.00
2.60

Nov

2.38

2.68

Oct
Sept
Aug
July
June
May
April
March
Feb
Jan
Dec
Nov

2.33
2.47
2.66
2.72
2.63
2.60
2.56
2.72
2.71
2.87
3.20
3.34

2.66
2.82
2.98
3.04
3.03
2.98
2.96
3.10
3.09
3.25
3.49
3.59

Stifel, Nicoulas and Company, I

RBC Capital
Macroeconomic Advisers
Ameriprise Financial
Eaton Corp.
Point Loma Nazarene University
Chamber of Commerce
Pantheon Macroeconomics
Wells Fargo & Co.
Decision Economics, Inc.
Parsec Financial Management
University of Central Florida
California State University
Pierpont Securities
Economic Analysis Associates In
CSFB
American Chemisty Council
Mesirow Financial
The Northern Trust
BNP Paribas
The Conference Board
First Trust Advisors, L.P.
The Heritage Foundation
National Association of Realtors
Morgan Stanley

* no forecasts submitted for this month's survey.

Economists are listed in alphabetical order; Averages are for economists polled at time of survey.
Copyright 2015 Dow Jones & Company, Inc. All Rights Reserved.

Fed Funds
Dec 2016
June 2017 Dec 2017
Dec 2015
June 2016 Dec 2016
June 2017 Dec 2017
2.50
0.38
0.63
0.88
3.00
3.30
3.50
0.37
0.88
1.88
2.88
3.38
2.65
3.20
3.50
0.38
0.38
0.63
1.38
2.38
2.74
2.86
2.98
0.25
1.00
1.50
2.00
2.50
3.05
3.25
3.45
0.38
0.88
1.38
2.38
3.38
4.00

4.50

4.75

0.38
0.35
0.38
0.38
0.38
0.38
0.38
0.38
0.38
0.38
0.38

0.88
0.60
0.88
0.63
0.75
0.63
0.63
0.88
0.38
0.63
0.63

1.63
0.85
1.38
1.13
1.25
0.88
1.13
1.38
0.38
0.88
0.88

2.63
0.35
2.13
1.63
2.00
1.13
1.63
1.88
0.38
1.38
1.00

3.63
0.35
2.88
2.12
3.00
1.13
2.13
2.88
0.38
1.63
1.75

2.60

2.90

3.60

3.25
2.80
2.85
3.39
3.00
2.67
2.81

3.50
3.00
3.10
3.79
3.00
2.80
3.20

4.00
3.20
3.30
4.34
3.00
2.95
3.57

2.50
2.67
3.10
3.00

2.60
2.94
3.40
3.20

2.70
3.29

0.30
0.25
0.38
0.38
0.38

0.80
0.75
0.63
0.63
0.63

1.20
1.25
0.88
0.88
1.13

1.50
1.75
1.38
1.38
1.38

1.80
2.25

2.85
2.50

2.70

3.40
3.00

0.38
0.38

0.63
0.88

1.13
1.38

1.88

2.00
2.38

2.90

3.15

4.00

0.13

0.13

0.13

0.13

0.13

3.60
2.51
2.90
2.75
3.30
3.25
1.50
2.60
2.60

3.90
2.85
3.10
3.00
3.90
3.75

4.20
3.21
3.30
3.25
3.80
4.00

2.40
3.17

2.25
3.74

0.25
0.38
0.33
0.13
0.38
0.25
0.38
0.38
0.38

0.50
0.63
0.71
0.63
0.88
0.75
0.63
0.88
0.88

1.00
0.88
1.10
0.63
1.63
1.50
0.88
1.38
1.13

1.50
1.38
1.70
1.13
2.63
2.50
1.13
1.88
1.88

2.00
1.88
2.20
1.63
3.13
3.00
1.38
1.63
2.63

2.50
2.90
3.25
3.90
3.73
3.60

3.00
3.25
3.89
4.25
3.90
3.80

3.50
3.70
3.94
4.50
4.10
4.00

0.38
0.38
0.34
0.38
0.50
0.38

0.88
0.63
0.85
0.88
0.75
1.13

1.38
1.13
1.17
1.38
1.25
1.88

1.88
1.63
2.01
2.38
1.50
2.63

2.38
2.13
3.11
3.38
2.00
3.38

3.50

2.38
1.88

ime of survey.

2.20
3.15
2.55
2.20
2.85
3.10
3.50
2.51
2.92
3.15
2.78
2.55
4.00
2.60
2.70
2.75
3.10
2.70

0.13
0.38

0.38
0.88

0.63
1.88

0.63
0.13
0.63
0.38
0.88
0.63
0.63
0.88
0.63
0.88
1.13
0.38
0.88
0.70
0.63
0.63

1.13
0.13
1.13
1.13
1.88
1.13
0.87
1.13
1.13
1.38
1.88
0.38
1.38
1.15
0.88
0.88

0.88
0.88
0.50
1.00

2.75
2.30
3.10

3.00
2.40
3.50

3.75
2.66
3.18
3.65
2.90
2.75
4.35
2.75

3.75
2.97
3.55
4.13
3.13
3.00
4.50
2.30

2.90
3.70
2.90

3.05
4.20
3.25

2.70
3.00
3.40
2.90

3.30
3.50
3.10

3.50
3.70
3.30

0.38
0.13
0.38
0.13
0.38
0.38
0.37
0.38
0.13
0.38
0.38
0.38
0.38
0.20
0.33
0.38
0.38
0.38
0.38
0.13
0.50

2.91

3.24

3.50

0.34

2.93
3.09
3.27
3.35
3.34
3.32
3.29
3.44
3.46
3.55
3.75
3.80

3.19
3.36
3.53
3.60
3.60
3.55
3.54
3.71
3.69
3.83
-

3.37
3.56
3.67
3.72
3.76
3.74
3.75
3.89
3.84
4.00
-

0.32
0.40
0.53
0.54
0.58
0.65
0.67
0.83
0.82
0.89
0.96
1.02

1.63
0.63
1.63

2.13
1.13
2.13

2.50
1.88
1.63
1.63
1.63
1.88
2.88
0.63

3.00
2.13
2.13
2.13
2.38
2.38
3.38
1.18

1.50
1.63
1.38

2.00
2.38
1.88

1.38
1.38
1.00
1.30

2.13
1.50
2.00

2.88
1.75
2.30

0.70

1.14

1.68

2.21

0.72
0.83
1.04
1.10
1.17
1.21
1.25
1.47
1.50
1.63
1.58
1.69

1.19
1.34
1.61
1.74
1.80
1.87
1.87
2.14
2.20
2.31
2.23
2.40

1.71
1.98
2.27
2.36
2.49
2.48
2.42
2.66
2.69
2.81
-

2.22
2.47
2.82
2.92
2.97
2.96
2.90
3.06
3.06
3.13
-

GDP
Q3 2015
1.4
1.5
2.0
1.5
1.9

Q4 2015
2.2
2.5
2.8
2.4
2.8

Q1 2016
2.2
2.4
2.6
3.4
3.5

Q2 2016
2.3
2.4
3.5
3.0
3.2

Q3 2016
2.1
2.3
3.2
3.1
3.1

Q4 2016
2.0
2.1
2.8
3.0
3.0

1.5
2.0
1.5
1.5
1.8
1.5
1.6
1.5
1.5
1.4
1.4

4.5
2.8
2.9
2.6
3.5
2.5
2.4
2.9
2.0
2.2
2.7

3.0
2.0
2.4
2.9
3.0
2.0
2.8
3.1
2.0
2.8
2.7

4.0
3.0
2.8
2.7
3.3
2.5
2.8
2.9
2.0
3.3
2.7

2.8
3.0
2.8
2.3
3.5
2.0
2.8
2.8
2.0
2.8
2.7

2.8
1.5
3.4
2.5
3.3
2.5
2.8
2.7
2.0
2.7
2.7

2.6
2.2
2.4
2.2
2.5
2.1
2.4
2.2
2.1
2.4
2.2

3.1
2.8
2.8
2.5
3.3
2.3
2.8
2.9
2.0
2.7
2.7

1.5
1.5

2.6
2.5
2.7
2.5
2.5

2.4
2.7
2.7
2.1
2.5

2.4
2.7
2.9
2.3
2.5

2.3
2.6
2.7
2.3
2.5

2.4
2.6
2.8
2.5
2.5

2.2
2.1
2.2
2.2
2.1

2.4
2.7
2.8
2.3
2.5

1.4

2.8
3.0

2.5
2.9

2.5
2.8

2.7
2.7

2.7
2.7

2.2
2.3

2.6
2.8

1.7

1.9

1.0

0.5

1.6

2.1

1.7

0.8

1.1
1.7
1.8
1.5
1.5
1.8
1.4
1.5
1.5

2.6
2.7
2.6
2.3
3.2
2.4
2.7
2.7
3.1

2.1
2.3
2.8
2.4
3.1
2.6
2.2
2.2
2.9

2.6
2.7
2.8
2.7
3.2
2.7
2.1
2.5
2.8

3.1
2.6
2.5
2.7
3.3
2.9
2.2
2.4
2.6

2.5
2.8
2.6
2.9
3.0
3.0
2.3
2.6
2.6

2.3
2.2
2.4
2.1
2.3
2.5
2.2
2.4
2.3

2.8
2.6
2.7
2.7
3.2
2.6
2.2
2.4
2.7

1.5
1.5
1.7
2.0
1.5
1.8

2.5
2.6
2.8
3.5
2.2
2.7

2.3
2.7
1.8
2.6
2.6
2.3

2.3
2.4
3.0
4.2
2.7
2.5

2.3
2.3
2.5
3.2
2.8
2.5

2.3
2.3
2.5
2.2
2.9
2.5

2.1
2.2
2.2
2.5
2.1
2.3

2.2
2.4
2.5
3.1
2.7
2.5

1.5
1.4

GDPS
Jan 2015
Jan 2016
2.1
2.2
2.4
2.3
2.5
3.0
2.1
3.1
2.3
3.2

1.5
1.8
1.5

1.5
3.5
2.6
3.0
2.1
2.8
2.9
3.0
2.6
3.0
4.2
2.1
2.7
2.7
2.3
3.0
2.8
2.3
2.7
2.7
2.8
2.5
3.1
2.5

0.9
2.5
2.8
2.7
2.2
2.6
2.7
2.5
2.5
3.4
3.6
3.0
2.5
2.3
1.2
2.7
2.5
2.5
2.8
2.1
2.4
1.5
2.8
2.5

3.2
3.2
2.6
3.2
2.1
2.6
2.7
3.5
2.6
2.9
3.8
2.8
2.7
2.9
0.8
2.7
2.5
2.3
2.7
1.9
2.5
3.0
2.8
2.5

2.5
3.2
2.5
3.1
2.1
2.5
2.6
3.5
2.6
3.2
4.3
2.8
2.5
2.8
1.6
2.7
2.3
2.5
2.6
1.9
2.2
3.5
2.5
2.7

2.1
2.9
2.3
3.0
2.2
2.6
2.5
3.5
2.5
3.5
4.4
2.7
2.6
2.9
2.1
2.7
2.3
2.3
2.6
1.9
2.2
3.0
2.5
3.0

1.9
2.4
2.1
2.3
2.2
2.2
2.2
2.2
2.2
2.5
2.5
2.1
2.4
2.2
2.1
2.3
2.3
2.2
2.2
2.2
2.2
2.1
2.3
2.1

2.2
3.0
2.6
3.0
2.2
2.6
2.6
3.3
2.6
3.1
3.7
2.8
2.5
2.7
1.4
2.7
2.5
2.4
2.7
2.0
2.3
2.7
2.6
2.5

1.6

2.7

2.5

2.7

2.7

2.6

2.2

2.6

2.0
2.4
2.7
3.1
3.1
3.1
3.0
3.0
3.0
3.0
2.9
2.8

2.7
2.8
2.8
3.0
3.0
3.0
2.8
2.9
2.9
2.9
2.8
2.9

2.5
2.5
2.6
2.6
2.7
2.7
2.7
2.8
-

2.7
2.7
2.7
2.8
2.8
2.8
2.7
2.8
-

2.6
2.7
-

2.6
2.6
-

2.3
2.4
2.2
2.2
2.1
2.2
2.7
2.9
2.9
3.0
2.9
2.8

2.7
2.6
2.7
2.7
2.7
2.8
2.7
2.8
2.8
2.8
2.8
2.8

1.5
1.5
1.4
1.5
2.1
1.5
1.5
1.7
1.5
1.6
1.7
1.8
1.7
1.4
1.8
1.7
1.5
1.6

CPI
Unemployment Rate
Jan 2017 Dec 2015
June 2016 Dec 2016
June 2017
Dec 2017
Dec 2015
June 2016
2.0
1.1
1.5
2.3
2.2
2.1
5.1
5.0
2.0
0.6
1.8
2.1
2.3
2.3
5.0
4.9
2.4
0.3
1.2
2.0
2.2
2.5
5.0
4.9
2.6
0.4
0.7
2.6
3.0
3.5
5.2
5.0
2.9
1.0
1.5
2.3
2.4
2.5
4.9
4.7
2.7
1.5
2.6
2.3
3.0
2.4
2.4
2.6
2.0
2.6
2.2

1.2
0.5
0.5
0.8
0.5
0.9
1.2
0.8
1.5
0.4
0.1

2.4
1.0
2.0
1.0
1.8
2.1
2.1
1.6
2.0
1.5
1.2

2.5
1.2
2.5
2.3
2.2
2.4
2.7
1.9
2.0
1.9
2.3

2.4
2.0
2.4
2.2
2.5
2.3
2.4
2.0
2.0
1.9
2.4

2.4
2.3
2.1
2.2
3.0
2.2
2.4
2.1
2.0
2.2
2.4

4.8
4.9
5.0
4.9
4.9
5.0
4.9
5.1
5.0
5.0
5.1

4.7
4.5
4.8
4.8
4.8
4.8
4.7
5.0
5.0
4.8
5.1

2.3
2.5

1.6
1.8
2.0
1.4
1.1

2.1
2.3
2.2
2.0
1.8

2.0
2.2

2.1
1.9

2.3
2.4

0.5
0.7
1.0
0.3
1.0

2.1
2.0

2.3
2.5

5.0
4.9
5.0
4.9
5.0

5.0
4.6
4.9
4.8
4.6

2.4

1.1
0.6

1.7
1.1

2.5
2.2

2.8

2.3

5.0
5.0

4.8
4.8

2.0

1.5

2.0

1.5

2.2

2.3

6.5

6.3

2.5
2.4
2.5
2.9
2.4
2.7
2.2
2.2
2.7

0.4
1.6
0.7
0.9
0.8
-0.1
0.4
0.7
0.5

2.1
1.5
1.7
2.0
1.7
0.8
2.1
0.9
1.2

2.1
1.7
2.1
2.0
3.0
1.7
2.0
1.7
2.4

2.1
1.9
2.2
2.0
3.2
1.9
2.2
1.7
3.3

2.1
2.2
2.3
2.0
3.2
2.2
2.3
1.5
2.9

4.9
5.0
4.9
4.9
4.9
5.1
4.9
5.0
4.9

5.0
4.9
4.8
4.7
4.8
5.1
4.8
4.8
4.6

2.0
2.2
2.4
2.5
2.9
2.3

0.9
1.1
0.8
0.6
2.6
1.1

1.3
2.0
1.9
1.6
2.5
2.2

2.1
2.1
2.4
2.4
3.6
2.4

2.3
2.3
2.7
2.9
3.8
2.6

2.4
2.4
2.8
3.0
3.8
2.7

4.9
4.9
5.0
4.9
5.0
4.9

4.6
4.8
4.9
4.6
5.1
4.6

2.5

2.1
2.4
3.1

0.0
1.0
0.5
1.0
1.0
0.9
0.8
1.1
1.0
1.0
1.0
0.2
1.5
1.0
0.8
1.1
0.5
0.5
0.7
0.8
0.6
1.1
1.1
0.4

0.5
1.7
1.2
1.7
1.4
1.2
1.8
1.5
1.4
1.6
1.2
0.8
1.6
1.7
1.8
1.0
1.8
1.9
0.2
1.5
1.5
2.0
1.4
2.7

0.7
2.4
1.7
1.5
1.6
1.8
1.9
2.1
2.2
1.8
1.4
1.9
1.6
2.9
2.1
1.6
2.3
2.1
1.0
2.9
1.9
2.5
1.5
3.0

2.5

0.8

1.6

2.5
2.5
2.5
2.5
2.6
2.5
2.6
2.6
2.6
2.7
-

0.8
1.0
1.1
1.3
1.2
1.2
1.3
1.3
1.4
1.6
1.9
2.0

1.6
1.7
1.9
2.0
2.1
2.1
2.1
2.1
2.1
2.2
2.2
2.2

2.4
2.9
2.4
2.5
3.0
2.3
3.3
4.4
2.5
2.5
2.6
2.4
2.3
2.3
2.4
1.9

1.9
2.1
1.8
2.0

1.9
2.2
1.8
2.1

2.5
2.2
2.1
1.5
2.8
1.7
3.2
2.1

2.5
2.2
2.3
1.6
2.2
1.6
3.4
2.9

2.5
2.1
1.2
2.4

2.8
2.2
1.8
2.2

2.7
1.7
3.0

2.8
2.0
2.6

5.1
4.8
5.0
4.9
5.0
5.0
5.0
4.8
4.9
4.9
4.7
5.0
4.9
5.0
4.9
5.0
5.0
4.9
5.0
5.0
4.9
5.0
5.0
5.0

5.2
4.4
4.8
4.7
4.8
4.8
4.9
4.4
4.7
4.6
4.5
5.0
4.6
4.7
4.7
4.7
4.8
4.7
4.9
4.8
4.6
4.9
4.8
4.9

2.1

2.3

2.4

5.0

4.8

2.1
2.1
2.2
2.2
2.3
2.3
2.3
2.2
2.3
2.3
2.3
2.2

2.2
2.3
2.3
2.4
2.4
2.4
2.4
2.3
2.3
2.3
-

2.3
2.4
2.4
2.4
2.4
2.4
2.4
2.3
2.3
2.3
-

5.0
5.0
5.1
5.1
5.1
5.1
5.1
5.1
5.2
5.2
5.3
5.3

4.8
4.8
4.9
4.9
4.9
4.9
5.0
5.0
5.0
5.0
5.2
5.2

Dec 2016
4.9
4.8
5.2
5.0
4.6

Housing Starts
June 2017 Dec 2017
Jan 2015 Jan 2016
4.8
4.8
1.12
1.25
4.6
4.5
1.10
1.30
5.3
5.3
1.11
1.35
4.9
5.0
1.11
1.28
4.5
4.5
1.15
1.30

Crude oil
Dec 2015

June 2016

Dec 2016

48.50
53.00
45.00

55.10
57.00
49.00

63.75
65.00
55.00

4.6
4.0
4.7
4.7
4.6
4.8
4.6
4.9
5.0
4.8
5.1

4.4
4.0
4.7
4.5
4.5
5.0
4.6
4.9
5.0
4.8
5.2

4.3
4.0
4.8
4.5
4.5
5.0
4.5
5.0
5.0
4.8
5.3

1.20
1.13
1.14
1.10
1.15
1.13
1.10
1.12
1.20
1.13
1.11

1.50
1.25
1.35
1.40
1.30
1.25
1.25
1.26
1.00
1.33
1.21

50.00
45.00
45.00

52.00
55.00
50.00

55.00
60.00
55.00

47.00
47.00
50.00
45.20
40.00
48.00
45.00

55.00
60.00
60.00
49.26
40.00
51.00
53.10

55.00
60.00
72.00
51.15
40.00
54.00
58.70

4.9
4.3
4.8
4.8
4.3

4.8
4.1

4.8
4.1

53.00
50.00

55.00
55.00

4.8
3.7

1.23
1.27
1.21
1.20
1.31

50.00
45.00

4.8
4.0

1.12
1.13
1.12
1.10
1.13

49.00

52.00

54.00

4.6
4.6

4.3

4.5
3.9

1.13
1.14

1.28
1.31

6.2

6.1

5.9

0.65

0.70

43.00

50.00

80.00

4.8
4.8
4.5
4.6
4.7
5.0
4.6
4.6
4.4

4.7
4.7
4.4
4.5
4.6
4.9
4.6
4.5
4.3

4.8
4.6
4.4
4.5
4.8
4.9
4.5
4.7
4.1

1.12
1.14
1.50
1.40
1.12
1.11
1.13
1.13

1.18
1.26
1.75
1.42
1.26
1.19
1.24
1.27

47.00

49.00

55.00

40.00

53.00

49.00

46.00
42.50

50.00
45.00

55.00
49.40

4.5
4.7
4.8
4.4
5.3
4.3

4.5
4.6
4.8
4.2
5.5
4.2

4.5
4.5
4.7
4.0
5.4
4.1

1.12
1.11
1.21
1.22
1.15
1.12

1.20
1.16
1.33
1.37
1.21
1.25

47.00
48.00
50.00
48.75
41.00
50.00

49.00
55.00
54.50
53.50
38.00
55.00

55.00
60.00
59.37
58.00
36.00
60.00

5.3
4.0
4.6
4.4
4.7
4.6
4.8
4.2
4.5
4.3
4.2
4.9
4.5
4.5
4.5
4.6
4.5
4.6
4.8
4.9
4.4
4.6
4.7
4.8

4.4
4.4
4.8
4.5

4.4
4.4
4.9
4.5

4.2
4.5
4.1
4.0
4.9
4.4
4.4
4.1

4.5
4.4
4.0
3.7
5.0
4.5
4.2
3.6

4.5
4.5
4.8
5.0

4.8
4.5
4.8
5.3

4.6
4.7
4.8

4.5
4.6
4.7

4.7

4.6

4.6

4.7
4.7
4.8
4.8
4.8
4.8
4.8
4.8
4.9
4.9
5.0
5.0

4.7
4.7
4.7
4.7
4.8
4.8
4.8
4.8
4.9
4.8
-

4.6
4.7
4.7
4.7
4.8
4.7
4.8
4.8
4.8
4.8
-

1.09
1.12
1.12
1.12
1.14
1.11
1.12
1.17
1.13
1.14
1.07
1.11
1.03
1.13
1.11

1.00
1.20
1.29
1.20
1.25
1.26
1.24
1.30
1.25
1.37
1.53
1.25
1.25
1.38
1.14

1.13
1.10
1.10
1.10
1.13
1.12

1.35
1.28
1.25
1.30
1.32
1.33

1.13

45.00
51.00
45.00

48.00
50.00
47.00

52.00
49.00
48.00

45.00
45.00
48.00
50.14
42.57
45.00
45.00
45.00

45.00
55.00
52.00
51.47
44.70
48.00
55.00
45.00

45.00
57.00
56.00
42.13
52.43
47.00
55.00
52.00

1.26

45.00
48.00
51.00
46.00
47.00
49.00
45.00

48.00
55.00
52.00
50.00
51.00
53.00
50.00

50.00
60.00
59.00
53.00
55.00
55.00
55.00

1.13

1.27

46.53

50.97

54.84

1.14
1.14
1.15
1.13
1.12
1.11
1.12
1.12
1.20
1.17
1.22
1.19

1.28
1.30
1.30
1.28
1.28
1.28
1.26
1.26
-

47.38
48.05
50.76
58.06
61.77
61.44
58.03
59.80
62.15
63.03
72.10
82.78

51.24
52.96
55.59
61.70
65.83
65.45
63.11
63.56
-

54.68
56.29
59.64
64.67
69.07
68.09
65.94
66.88
-

Payrolls
197,500
187,500
225,000
193,000
192,500

FHFA 2015/2014
Jan 2015

FHFA 2016/2015
Jan 2016
5.0
5.1
6.3
5.3

5.0
6.3
-1.5
4.6

4.5
5.5
5.0
4.6
5.0
4.9
5.5

3.0
6.0
4.5
4.2
5.0
3.9
2.5

5.0
4.9
4.8

4.5
4.6
5.2

180,250
197,000

4.7
5.0

4.9
5.4

160,000
206,000

5.0

4.1

3.5

3.5

220,000

7.0

8.0

142,000
236,323
191,500
171,250
212,500
176,750
171,500
168,750
236,050

5.6
5.4
4.8
5.0
5.0
3.0
5.3
4.2

4.7
4.7
4.3
4.5
4.0
1.4
4.4
1.5

157,500
196,250
233,750
218,250
198,000
211,250

4.5
5.0
6.3
5.6
5.5
5.0

2.5
3.0
2.9
6.5
5.9
4.0

188,750
185,000
176,250
205,000
181,250
167,500
264,250
200,000
174,750
174,675

155,000

209,000
135,000
200,000
237,500
201,000
218,750
198,500
195,000
277,000
169,019
205,000
192,500
137,000

7.0
4.5
5.0

7.0
3.5
4.5

5.5
4.8
5.1
4.7
5.9
2.5
5.0
4.5

7.0
4.4
5.3
4.3
0.5
2.7
4.0
3.5

210,000
172,500
190,000
202,500
165,500
215,000
155,000
177,500

5.0
5.5

4.0
5.0

4.6

3.3

6.0

4.7

193,264

5.05

4.20

190,089
204,248
209,399
207,505
220,332
219,505
218,586
239,063
235,310
231,473
217,972
215,168

5.04
4.78
4.66
4.74
4.80
4.42
4.29
4.44
4.21
4.07
3.65
3.38

4.29
4.32
4.24
4.27
4.32
4.18
4.06
4.16
-