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ReadersSpeak

What's coming in 2019? 6. Consumer credit scores will set another record
in 2019: The average credit score rose four points
xperts have been weighing in on what's in during 2018, from 679 to 683, according to data from
store for the coming year. We received a note TransUnion.
from Diana Polk, WalletHub Communications 7. U.S. auto sales will fall just shy of 17 million:
E Manager, containing the consultancy's eight Technological advances continue to drive interest.
Financial Predictions for 2019, as follows: And record-setting natural disasters are forcing
1. U.S. GDP growth will fall to 2.5 percent: Overall, we people to replace their totaled vehicles. We don’t see
expect GDP growth to fall slightly from 2.8 percent in much of a slowdown in 2019.
2018 to 2.5 percent in 2019, based on the projections of 8. Existing home sales will hit 5.5 million: Despite the
10 large investment banks, the Congressional Budget Fed raising its target rate by 175 basis points from
Office and the Federal Open Markets Committee. December 2015 through November 2018, the average
2. Unemployment will dip below 3.5 percent: The APR on a 30-year fixed rate mortgage has increased
Federal Reserve projects a 3.5 percent unemployment by less than 70 basis points, according to Freddie Mac.
rate in 2019, as does Wells Fargo.
3. The S&P 500 will top 3,000: Price targets for 2019 John S. Kiernan, WalletHub senior writer and editor,
detailed the rationale and supporting data for these
range from 2,750 (Morgan Stanley) to 3,350 (Credit
Suisse). predictions at https://wallethub.com/blog/new-year-financial-
predictions/43349/ .
4. The Fed will raise rates twice, costing borrowers
billions: The Fed’s projections indicate three more What do you foresee?
rate hikes are most likely in 2019. What's in store for the payments industry in 2019? Please
5. Credit card debt will top $1.1 trillion: The current send your predictions to greensheet@greensheet.com. And
end-of-year record, set in 2017, is roughly $1 trillion. remember to keep your press releases coming to press@
WalletHub is projecting a $70 billion increase in credit greensheet.com.
card debt when the final score is tallied for 2018.

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