Guest Carl Hudson, Director for the Center for Real Estate Analysis at the Federal Reserve Bank of Atlanta, reports there is optimism in the economy with the expectation of less regulation, tax reform and increased infrastructure spending. The Fed Open Market Committee, FOMC, has chosen an inflation target of 2% year over year growth in the next 24 months – a reasonable expectation. While there is still some uncertainty as it relates to policy implementation, labor market indicators are consistent with an economy that is closing in on full employment. Underlying inflation continues to run a bit below target.