US Economic Update – October 2021
The Fed is set to taper – but rate hikes are still a way off
Key highlights:
- We have downgraded our forecast for 2021 and 2022 GDP growth as Q3 GDP is not looking as strong as had been expected.
- Supply disruptions – both in product and labour markets – remain major issues.
- We expect the Fed will start tapering its monthly asset purchase program in November, with it to come to an end by mid-2022. We still don’t see any rate hikes until Q2-2023.
Find out more in NAB’s US Economic Update – October 2021
About the Author
NAB’s Group Economics consists of a leading team of economists who provide accurate, timely and relevant updates on domestic, international and industrial economic trends.
Headed up by the Group Chief Economist, Alan Oster, the team is comprised of three distinct departments:
- Australian economics and commodities
- International economics
- Industry economics
The team publish a wealth of content including reports, surveys, forecasts and indexes.
