US Economic Update – 23 November 2021
Fed Monetary Policy Update.
Key highlights:
- An acceleration in wage growth, a broadening out of inflation pressures and the ongoing faster than expected fall in the unemployment rate keep the focus on Fed policy.
- We still expect inflation will ease from its current elevated level, but it is set to remain above 2%. This means how, and when, the Fed assesses maximum employment has been achieved will determine the timing of federal funds rate increases.
- We expect to see the first rate hike in Q3 2022 (previously Q1 2023), with risks either side of this depending on how the economy evolves and how the Fed interprets its lift-off criteria.
Find out more in NAB’s US Economic Update – November 2021
About the Author
NAB’s Group Economics consists of a leading team of economists who provide accurate, timely and relevant updates on domestic, international and industrial economic trends.
Headed up by the Group Chief Economist, Alan Oster, the team is comprised of three distinct departments:
- Australian economics and commodities
- International economics
- Industry economics
The team publish a wealth of content including reports, surveys, forecasts and indexes.
