U.S. Economic Update: February 2016
Labour market improving – jobs growth remains strong
US Economic Monthly Update
- GDP growth slowed at the end of 2015. We expect this to be temporary but there are downside risks.
- Labour market strength and lower gasoline prices supporting consumption growth. Residential investment is strong and fiscal policy a tailwind.
- Risks are coming from weakness in energy, manufacturing, traded sectors and recent tightening in financial conditions.
- Little chance of a fed funds rate hike in March.
For further details please see the attached document.
About the Author
Tony joined NAB early in 2011 from the Victorian Treasury where he worked for 12 years on a range of issues, including state budget strategy and forecasting state taxation revenues.
Before this, Tony was in the Commonwealth Treasury for a decade, where he undertook work on macroeconomic forecasting, microeconomic reform and debt management.
Tony grew up in Canberra and graduated (with first class honours) from the Australian National University. He also holds a Masters degree in Applied Finance from Macquarie University.
