Total spending decreased 0.3% in September.
Insight
January 15, 2016
U.S. Economic Update: January 2016
We expect another year of moderate growth in 2016, with further labour market improvement and inflation starting to move back towards the Fed’s target.
US Economic Monthly Update
- We expect another year of moderate growth in 2016, with further labour market improvement and inflation starting to move back towards the Fed’s target.
- Recent partial data have been on the soft side pointing to only slow GDP growth in the December quarter 2015.
- Fed rate hikes expected to be only gradual this year; we expect the next hike will be in March.
For further details please see the attached document.
