Overview:

• GDP growth was sluggish at the start of 2017 but other indicators are more positive, and we expect to see a rebound over the rest of the year.
• The Fed is likely to increase the fed funds rate at its June meeting, but the recent slowdown in inflation has the increased the risk of a delay.

For further details please see the attached document

• US Economic Update:  May 2017 (PDF, 117kb)