In view of analysts at BNP Paribas, US growth is expected to slow to 2.1% this year, led by the trade uncertainty.
Key Quotes
“Trade war uncertainty acts as a drag, the housing market is softening, corporate investment should slow as well as exports in reaction to the past strengthening of the dollar against a broad range of currencies.”
“Core inflation remains well under control and has eased a bit.”
“Markets no longer price in rate hikes and the message from Fed governors has indeed become far more dovish.”
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