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Economic growth is slowing mostly in line with our expectations, but we think recession risks remain low. We make only marginal adjustments to our forecast profile and see 2024 GDP growth at 2.5% (from 2.3%) and 2025 at 1.5% (unchanged). Potential output continues to grow at a brisk pace, supported by increases in labour supply, […]

The post Research US: Soft Landing Still in Sight appeared first on Action Forex.

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20/04/2024

Weekly Economic & Financial Commentary: Another Week, Another Strong Showing from the U.S. Consumer

Summary United States: Another Week, Another Strong Showing from the U.S. Consumer Robust retail sales data were the main story on the U.S. economic data front this week. Elsewhere, data for industrial production and jobless claims offered additional evidence that the U.S. economy remains on solid footing. Next week: New Home Sales (Tue.), GDP (Thu.), […]
07/06/2024

Euro Shrugs as ECB Lowers Rates to 3.75%

The euro is drifting on Friday. EUR/USD is trading at 1.0892 in the European session, up 0.04% on the day. We could see some movement from the euro in the North American session, with the release of US nonfarm payrolls. ECB cuts, but no commitments to continue The ECB pressed the rate-cut trigger on Thursday […]
08/07/2024

Could US CPI Report Finally Bring About a Fed Pivot?

Further decline in headline CPI is expected in June Labour market is also showing signs of slowdown Will Thursday’s report (12:30 GMT) convince the Fed it’s time to cut? Ahead of that, Powell testifies on Tuesday (14:00 GMT) Fed still not convinced After several months of upside surprises earlier in the year, CPI inflation finally […]