US Economic Update

The Fed has announced further, aggressive, stimulus – extended forward guidance and a new round of QE. The Fed is […]

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  • The Fed has announced further, aggressive, stimulus – extended forward guidance and a new round of QE. The Fed is also signalling that monetary policy stimulus will be maintained for longer than would normally be the case when the recovery strengthens.
  • The latest indicators continue to suggest that the U.S. is experiencing only modest growth.
  • In the September quarter we expect growth to be similar to the June quarter pace, before strengthening heading into next year. We are forecasting GDP growth of 2.2% in 2012 and 2.6% in 2013.

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