Summary
This document is an economic forecast report for July 2025, outlining various economic indicators including Gross Domestic Product (GDP), Personal Consumption Expenditures (PCE), and employment statistics. The report provides quarterly percentage change data for GDP, detailing specific contributions from residential and business fixed investments, government consumption, and net exports. It also examines trends in the Consumer Price Index (CPI) and the Core CPI, alongside projections for the Federal Funds Rate and the yield on the 10-Year Treasury Note. Additionally, the report includes information on employment trends, highlighting total nonfarm employment and the unemployment rate. Forecasts are based on data points and assumptions provided by the Bureau of Economic Analysis, Bureau of Labor Statistics, and the Federal Reserve Board. The document notes that unshaded areas represent actual figures while shaded areas indicate forecasts, with a disclaimer about the reliability of the analyses and opinions presented.
