US Economic Update: May 2017

A slow start to the year…again.

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Overview:

  • GDP growth was sluggish at the start of 2017 but other indicators are more positive, and we expect to see a rebound over the rest of the year.
  • The Fed is likely to increase the fed funds rate at its June meeting, but the recent slowdown in inflation has the increased the risk of a delay.

For further details please see the attached document