U.S. Economic Update: February 2016

Labour market improving – jobs growth remains strong

By

US Economic Monthly Update

  • GDP growth slowed at the end of 2015. We expect this to be temporary but there are downside risks.
  • Labour market strength and lower gasoline prices supporting consumption growth. Residential investment is strong and fiscal policy a tailwind.
  • Risks are coming from weakness in energy, manufacturing, traded sectors and recent tightening in financial conditions.
  • Little chance of a fed funds rate hike in March.

For further details please see the attached document.