2. Core inflation remains contained, but wage growth begins to increase
Right Direction
Inflation appears to be bottoming as it moves from very low to low levels.
4. The European Central Bank institutes a large-scale quantitative easing program
Correct
This happened in January, and the effects are being felt in Europe, where growth is improving to some degree.
10. The Republican and Democratic presidential nominations remain wide open
Too Early to Call
The list of Republican candidates is longer than virtually anyone predicted. While Hillary Clinton remains the Democratic front runner, her candidacy is not without its difficulties.
