All Posts Tagged: interest rates

U.S. Outlook: Bracing for a hawkish FOMC meeting

Scott Anderson
Chief Economist

The U.S. economy is in a good place right now.

Upscale shopping center with empty parking spaces in front.Second quarter’s GDP growth estimate looks like it will be revised up to around 4.4% next week, from 4.2% and an initial reading of 4.1%.

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Sept. 21.

Key observations:
  • There are growing signs of moderation in some U.S. economic indicators, such as home sales and prices, but business sentiment and consumer confidence remain high.
  • We expect a more upbeat assessment of current economic conditions from the FOMC statement and from Powell’s press conference comments.
  • There is nothing to stop the FOMC from raising the fed funds target range once more at this meeting (next week) and signaling more rate hikes ahead. We think the next one will happen in December.

Read my full report.

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U.S. Outlook: Economy keeps cranking out new jobs

Scott Anderson
Chief Economist
Young professionals in coworking space.

The August employment report looks pretty sweet on the surface.

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Investment Insights: GDP, some like it hot!

Wade Balliet
Posted by Wade Balliet
Investment Strategy
Crowd sitting in urban public park at lunchtime in the sun.

Continued optimism in earnings and a sizzling GDP growth number in the U.S. have urged domestic stock markets even higher.

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Instant Analysis: August FOMC statement nearly identical to June’s statement

Scott Anderson
Chief Economist
Federal Reserve building at dusk

The Fed kept its future interest rate hike plans close to its vest today.

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U.S. Outlook: Economy runs hot in the second quarter

Scott Anderson
Chief Economist
Busy, crowded street scene in Times Square, NYC

GDP growth would have been a lot stronger last quarter if there weren’t a big drop in business inventories.

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