Trump’s address to Congress was light on detail but his job creation plans pose inflationary risk, and Fed officials are already taking a more hawkish tone.
We have upgraded global growth for the first time in nearly two years. Better near-term activity plus a more favourable outlook for the US, UK and emerging markets are behind the move.
The US Federal Reserve (Fed) kept interest rates unchanged between 0.25% and 0.5% for the fourth consecutive month, but how much longer can the Fed hold off raising rates?
Ahead of the release of US first quarter GDP growth, we examine whether the weak growth that is widely expected is a signal of an impending recession or whether it is a mere seasonal blip.