U.S. Outlook: Keeping the faith on the U.S. economy
Despite the slight dip in real GDP in the fourth quarter (2.2%), the U.S. economy continues to perform in-line with our forecasts.
For a detailed look at this and other developments, see my full weekly analysis. Highlights are outlined below, followed by a link to the full U.S. Outlook report, delivered on Feb. 27.Key observations:
- We don’t see anything outside the box that would change our fundamental view of the U.S. economic or interest-rate outlook for this year.
- Data points from the Eurozone are looking better.
- U.S. non-defense capital goods orders excluding aircraft broke a four-month losing streak in
- June is still on the table for the first rate increase, should U.S. inflation and unemployment
rate data cooperate.