The Conference Board Economic Forecast for the US Economy

February 12, 2025

Navigating Policy Uncertainty

The unpredictability of the current administration’s policies looms large over the outlook. While the US economy is set to start 2025 on strong footing after a year of surprisingly robust growth, a combination of proposed policies will likely weigh on growth and leave inflation elevated as the year progresses, resulting in a more patient policy stance from the Fed. The labor market strength supporting solid growth in personal income for consumers may contribute to the continuation of strong growth in H1.