US Economic Update – 24 March 2022
Fed lifts rates – more to come.
- The US economy continues to grow – employment is expanding rapidly, capex expectations are high and households are in a strong position to weather (temporary) storms.
- However, the economy will be tested by the Russian/Ukraine conflict and a more rapid than previously expected tightening of Fed monetary policy.
- We expect a further 150bps of Fed rates hikes over 2022 as well as the start of QT in Q2 2022.
Find out more in NAB’s US Economic update (March 2022)