US Economic Update – December 2018

Economic growth is likely to equal its post-GFC high in 2018.

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Overview
• Economic growth is likely to equal its post-GFC high in 2018.

• Growth is expected to slow in 2019 but remain above trend, leading to further falls in the unemployment rate and a gradual lift in inflation.

• As a result, we expect further fed funds rate hikes, but have scaled back our expectations to two more increases over 2019 (from three) and now expect the fed funds rate to peak at 3.0% (previously 3.25%).

For further details download the below report:
US Economic Update December 2018