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13 Apr 2015
US rate hike likely to shift to Q3 2015 – Nomura
FXStreet (Barcelona) - Research Analysts at Nomura, share their view for the US economy, and forecast a rate that the lower trajectory of inflation growth to push the first hike into Q3 this year.
Key Quotes
“Inclement weather and West Coast port disruptions will likely weigh on near-term growth.”
“We expect a prolonged decline in oil drilling activity and the stronger dollar to be headwinds for growth in 2015.”
“Beyond 2015, supply constraints and higher policy rate should take growth closer to its potential rate of about 2%.”
“Wages should gradually pick up as slack diminishes, but transitory factors will hold down core inflation in early 2015.”
“An improving job market and a gradual easing in lending standards should support housing.”
“We expect the lower trajectory of year-over-year headline inflation to push the first rate hike to Q3 2015.”
“Tighter financial conditions, policy misstep, and further slowdown in global growth remain the key risks.”
Key Quotes
“Inclement weather and West Coast port disruptions will likely weigh on near-term growth.”
“We expect a prolonged decline in oil drilling activity and the stronger dollar to be headwinds for growth in 2015.”
“Beyond 2015, supply constraints and higher policy rate should take growth closer to its potential rate of about 2%.”
“Wages should gradually pick up as slack diminishes, but transitory factors will hold down core inflation in early 2015.”
“An improving job market and a gradual easing in lending standards should support housing.”
“We expect the lower trajectory of year-over-year headline inflation to push the first rate hike to Q3 2015.”
“Tighter financial conditions, policy misstep, and further slowdown in global growth remain the key risks.”