US Economic Update – April 2015

Economy has got off to a slow start in 2015. While we expect it to be a temporary slowdown, we have revised our 2015 forecast to 2.7% (previously 3.1%). If achieved, this would still represent an above trend rate of growth, and is consistent with further labour market improvement.

By

  • Economy has got off to a slow start in 2015. While we expect it to be a temporary slowdown, we have revised our 2015 forecast to 2.7% (previously 3.1%).
  • If achieved, this would still represent an above trend rate of growth, and is consistent with further labour market improvement.
  • We now expect that the the first increase in the fed funds rate will be in September (previously June).

For further details please see the attached document.