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CBO regularly assesses the state of the economy and prepares economic projections that underlie the agency’s projections for the federal budget and cost estimates for proposed legislation. CBO also produces studies on specific economic issues, such as trends in productivity and the condition of labor markets, and examines the economic impact of significant proposed changes in federal spending programs and the federal tax system.

ECONOMIC PROJECTIONS FOR CY 2018

(As of )

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REAL GDP GROWTH (Q4/Q4)

3.3%

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INFLATION (PCE Price Index, Q4/Q4)

1.8%

UNEMPLOYMENT RATE (Q4)

3.5%

INTEREST RATE (3-Month Treasury Bills)

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