About the Author

Luke Tilley

Executive Vice President

Luke is Chief Economist and Head of Asset Allocation and Quantitative Services for Wilmington Trust Investment Advisors (WTIA), a part of the M&T Bank family. Luke is also a member of WTIA’s Investment Committee.

Prior to joining Wilmington Trust in 2015, Luke was an officer and economic advisor with the Federal Reserve Bank of Philadelphia. Earlier in his career, Luke worked as a senior economist at IHS Global Insight (now IHS Markit) and as an economist for the U.S. Department of Housing and Urban Development.

Luke holds a Ph.D. in economics from Temple University and a bachelor’s degree in economics and history from James Madison University. He is a former adjunct faculty member at Temple University and formerly served on the board of directors of the Pennsylvania Economic Association. In addition, Luke is former president of the Philadelphia Council for Business Economics, a chapter of the National Association for Business Economics.

By the Author

U.S. GDP Forecast: Stimulus, Savings, and the Path Forward

Luke Tilley |
Wilmington Wire
The 2020 Stimulus check. Surrounded with 100 dollar bills.  Sent to US citizens during the covid-19/coronavirus pandemic

May 17, 2021—As my colleague Meghan Shue said a few weeks ago, the economy has been on a wild ride (much like a Hot Wheels track) and we are expecting strong growth in the second half of 2021. Stimulus, consumer spending of savings, and business capital expenditures (capex) will be enough to push full-year growth of 7.6% in 2021 in our view, with a higher likelihood of exceeding that figure than of falling short.


Disappointing Jobs Report Does Not Change the Outlook

Rhea Thomas and Luke Tilley |
Wilmington Wire

Rhea Thomas, Senior Economist, Wilmington Trust Investment AdvisorsMay 7, 2021—Markets were abuzz at 8:29 Friday morning ahead of the jobs report with official consensus forecasts of 1 million new jobs added in the month of April and “whisper expectations” (whatever those are) of 1.5 million. At 8:30 those expectations were thoroughly dashed upon the announcement of just 266,000 new jobs added and downward revisions to previous months.