US Economic Update – 24 March 2022
Fed lifts rates – more to come.
Key highlights:
- 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)
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.
