Summary: The U.S. economy is continuing to “cruise” ahead, though growth is likely to be more moderate in the year ahead, says Citi's Catherine Mann. She recaps the consensus forecast of ABA’s Economic Advisory Committee, which projects 1.9% GDP growth in 2020 and personal consumption rising just over 2% through 2021. She says consensus among the committee was that the present “Goldilocks” scenario—with interest rates being “just right”—will prevail, with no rate cuts or hikes likely in 2020.
