U.S. Outlook: Is the Yellen FOMC more hawkish?

Posted By Scott Anderson In Economic Outlook | No Comments

Despite a weak start to the year and financial volatility in emerging markets, the FOMC appears to have doubled-down on its monetary exit strategy in March.

Graph showing uptick in business lending. [1]Below are brief highlights of my weekly economic analysis, followed by a link to the full U.S. Outlook report, delivered on March 21, 2014.

Key observations:
  • Surge in U.S. business spending is underway.
  • Industrial production and loan data point to sharp pickup in Q2 economic activity.
  • FOMC could now start rate hikes in Q2 2015, earlier than markets expected.
  • Yellen surprises markets with hawkish hints.
  • FOMC now more committed to ending asset purchases and normalizing short-term rates.

Click here to read my full report. [2]

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URL to article: https://changematters.bankofthewest.com/2014/03/21/u-s-outlook-yellen-fomc-hawkish/

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[1] Image: http://blog.bankofthewest.com/wp-content/uploads/2014/03/graph_bizlending_032114.jpg

[2] Click here to read my full report.: https://cdn.shoutlet.com/file/10476/1316434.pdf

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