Hartford Business Journal Special Editions

NBT2024Survey

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10 ECONOMIC OUTLOOK SURVEY | JANUARY 8, 2024 ECONOMIC OUTLOOK SURVEY INCREASE DECREASE OVER 7.6% 6.6% TO 7.5% 5.6% TO 6.5% 5.5% NOT SURE REMAIN STABLE DECREASE REMAIN FLAT INCREASE INFLATION RISING INTEREST RATES SUPPLY CHAIN ISSUES NONE OF THE ABOVE WHAT DO YOU EXPECT HOUSING PRICES TO DO IN 2024? WHAT ARE YOUR EXPECTATIONS FOR INFLATION IN 2024? WHICH MACROECONOMIC ISSUE IS HAVING THE MOST IMPACT ON YOUR BUSINESS? AT WHAT LEVEL DO YOU EXPECT THE FED FUNDS RATE TO PEAK? 41.3% 29.5% 14% 15.1% 30.3% 29.5% 40.2% 50% 40% 30% 20% 10% 0% 50% 40% 30% 20% 10% 0% 50% 40% 30% 20% 10% 0% 26.1% 41.2% 32.7% 30% 25% 20% 15% 10% 5% 0 9.3% 28.3% 21.9% 11.5% 29%

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