Below trend growth to continue
Insight
October 12, 2015
United States Economic Update – October 2015
Measured employment growth has been softer in last two months. But the data are noisy and other indicators do not show any labour market softening.
Key Points
- Measured employment growth has been softer in last two months. But the data are noisy and other indicators do not show any labour market softening.
- The US economy is expected to continue growing at a moderate pace, with GDP growth of 2.5% expected in both 2015 and 2016. The September quarter looks like it may be on the soft side, continuing recent volatility in GDP growth.
- December is still the most likely month for the Fed to start lifting rates; but there is a clear risk that it might be delayed.
For further details please see the attached document.
