NJ Bankers economic forum forecasts trends, more

January 22, 2019

In his annual economic forecast, Hughes said that New Jersey has been dependent on the positive national tailwinds of the second longest economic expansion in history, a record he said he expects to be broken in July.

Hughes and Williams disagreed, however, on whether last month’s negative yield curve accurately will forecast the next recession. A negative yield curve is when long-term interest rates have a lower yield than short-term rates, which occurred on Dec. 3 for the first time in a decade.

“Traditionally, that is an indicator of recession, but it’s a long way away,” Hughes said.

MyCentralJersey.com, January 22, 2019

Presentation March 13, 2019

Jim Hughes’ Slide Deck

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