United States Economic Update – 11 September 2015

The Fed is still likely to start lifting rates this year, but we now expect this to be in December rather than September. The US economy is expected to continue growing at an above trend rate. We now expect growth in both 2015 & 2016 to be 2.5%.

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Key points

  • The Fed is still likely to start lifting rates this year, but we now expect this to be in December rather than September.
  • The US economy is expected to continue growing at an above trend rate. We now expect growth in both 2015 and 2016 to be 2.5% (previously 2.3% and 2.6% respectively).
  • The unemployment rate continues to fall, but inflation remains low.

For further details please see the attached document.

US Economic Update – 11 September 2015 (PDF, 101KB)