United States Economic Update – November 2015

There is still solid underlying momentum in the economy despite the slowdown in U.S. GDP growth in the September quarter.

By

Summary

  • There is still solid underlying momentum in the economy despite the slowdown in U.S. GDP growth in the September quarter. Moderate GDP growth is expected to continue.
  • The likelihood of a fed funds rate hike in December has increased. Subsequent hikes will be gradual.
  • Manufacturing continues to struggle, due to dollar apprecation and, more recently, an inventory correction.

For further details please see the attached document.

US Economic Update – 12 November 2015 (PDF, 306KB)