U.S. Economic Update: January 2016

We expect another year of moderate growth in 2016, with further labour market improvement and inflation starting to move back towards the Fed’s target.

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 US Economic Monthly Update

  • We expect another year of moderate growth in 2016, with further labour market improvement and inflation starting to move back towards the Fed’s target.
  • Recent partial data have been on the soft side pointing to only slow GDP growth in the December quarter 2015.
  • Fed rate hikes expected to be only gradual this year; we expect the next hike will be in March.

For further details please see the attached document.