Key points:

• Jobs growth, business surveys and consumer sentiment all point to an economy in good shape.

• March quarter GDP growth is looking soft but a weak start to the year has not been unusual in recent times.

• The Fed obviously thinks so, raising the fed funds rate in its March meeting with more ‘gradual’ rate rises to come.

For further details please see the attached document:

• US Economic Update: March 2017 (PDF, 99kb)