Business confidence fell 5pts to -4 index points, with significant falls in recreation & personal services, transport & utilities, construction and manufacturing.
Report
March 8, 2017
US: Change to Fed Outlook – 6 March 2017
Change to fed rate call - March hike now expected.
Key points:
- Following clear signals from the Fed over the last week we now expect the next increase in the fed funds rate will be in this month’s meeting.
- We are also now expecting three rate hikes this year rather than two.
For further details please see the attached document:
