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.

• US Economic Update – January 2016  (PDF, 108KB)