RBA surprises with a hold, NAB still sees cuts in August, November and now February
Insight
April 10, 2015
US Economic Update – April 2015
Economy has got off to a slow start in 2015. While we expect it to be a temporary slowdown, we have revised our 2015 forecast to 2.7% (previously 3.1%). If achieved, this would still represent an above trend rate of growth, and is consistent with further labour market improvement.
- Economy has got off to a slow start in 2015. While we expect it to be a temporary slowdown, we have revised our 2015 forecast to 2.7% (previously 3.1%).
- If achieved, this would still represent an above trend rate of growth, and is consistent with further labour market improvement.
- We now expect that the the first increase in the fed funds rate will be in September (previously June).
For further details please see the attached document.
