predicts economic growth will accelerate to 3 percent or more next year, after averaging 2.1 percent for the first three quarters of this year.
That would be the strongest performance since 2005.
Non-farm payrolls averaged an increase of 227,000 per month in the first three quarters of the year, and that pace should continue through 2015, according to economic research firm IHS, Kiplinger predicts.
Meanwhile, the average household debt-to-income ratio has dropped to a 12-year low, and consumer prices climbed only 1.3 percent in the 12 months through November.
Kiplinger forecasts consumer price inflation will accelerate only to 1.9 percent in 2015. That's still below the Federal Reserve's target of 2 percent.
So the Fed will likely be in no rush to raise interest rates. "The Fed has a long runway," Steve Wood, chief market strategist for Russell Investments, told Kiplinger.
The central bank has kept its federal funds rate target at a record low of zero to 0.25 percent for six years. Most economists expect it to begin increasing rates around mid-2015.
Kiplinger expects the 10-year Treasury will reach 3.2 percent next year, up from a predicted 2.5 percent at year-end.
Meanwhile, a survey by the personal finance web site WalletHub also produced a forecast of about 3 percent GDP growth for next year.
"I expect the U.S. economy to continue an upward recovery trajectory — slow and steady growth with maybe a hiccup or two just to keep everyone honest," Richard Feinberg, professor of consumer science at Purdue University, told WalletHub
"GDP growth will probably be between 2 and 4 percent unless there is some unanticipated geopolitical and/or geo-economic catastrophe."
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