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.
About the Author
Tony joined NAB early in 2011 from the Victorian Treasury where he worked for 12 years on a range of issues, including state budget strategy and forecasting state taxation revenues.
Before this, Tony was in the Commonwealth Treasury for a decade, where he undertook work on macroeconomic forecasting, microeconomic reform and debt management.
Tony grew up in Canberra and graduated (with first class honours) from the Australian National University. He also holds a Masters degree in Applied Finance from Macquarie University.
