US Weekly Prospects

The report highlights a downward revision to 2Q GDP growth to 2.25% and persistent inflation concerns despite a recent drop in global oil prices. Fed policy remains a focus, with a divided committee leaning towards steady rates.

Key Takeaways

• 1.J.P. Morgan trimmed 2Q GDP forecast to 2.25% from 3.0% due to trade deficit.
• 2.Crude oil prices are falling, but gasoline pump prices remain high, delaying consumer inflation relief.
• 3.The FOMC remains divided on rate hikes; key permanent voters appear to favor keeping rates steady.

Table of Contents

• United States
• Fedspeak finds dovish FOMC core
• Immigration protections set to end
• Growth message from business surveys
• US Focus: A committee (not so) divided
• Global Data Watch: While chasin' the clouds away
• Pressures on CBs ease in EM, build for Fed
• China in need of domestic demand
• Japan's JPY370 trillion bet
• Romania: Nearing political resolution
• US Indicator forecasts

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial