Leaving Nothing Behind

Diane Swonk’s Forecast for Life after Liftoff and the Election Year Outlook

CHICAGO--(BUSINESS WIRE)-- Mesirow Financial Chief Economist Diane Swonk hails the end of zero interest rates, a level that policy makers at the Federal Reserve never thought they’d see in this country. “We expect the Fed to exit the zero bound on December 16, seven years to the day after the Federal Open Market Committee (FOMC) slashed interest rates to zero in 2008.” What will change? Swonk warns that the Fed has never tested its new levers to raise interest rates, at least not on a large scale. She adds that the “challenge for the Fed as it leaves zero will be to actively manage market expectations about future rate increases.”

Diane Swonk’s forecast for 2016 includes opportunity, not just turmoil. She predicts the consumer will shine in the new year, bolstered by gradually firming wages and expanded access to credit. “The household sector is expected to pick up where the corporate sector left off; what was once a Wall Street-centric expansion will finally reach Main Street.” Read the December issue of Diane Swonk’s Themes on the Economy®. Archived issues can also be found at mesirowfinancial.com.

Mesirow Financial is a diversified financial services firm headquartered in Chicago. Founded in 1937, it is an independent, employee-owned firm with approximately 1,200 employees globally. With expertise in Investment Management, Global Markets, Insurance Services and Consulting, Mesirow Financial strives to meet the financial needs of institutions, public sector entities, corporations and individuals. For more information about Mesirow Financial, visit its website at mesirowfinancial.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151210006261/en/

Mesirow Financial
Karen Nye, (312)595-7147

Source: Mesirow Financial

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