Below trend growth to continue
Insight
February 15, 2016
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.
