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Tony Kelly, senior economist at NAB, suggests that the US economic growth appears to have slowed at the end of 2018, and they are expecting some further slowdown into 2019, before growth stabilises later in the year.

Key Quotes

“Tariff increases on Chinese imports delayed again but trade policy uncertainty likely to remain a factor.”

“We expect the Fed to be on hold for the rest of the year, although the Fed is set to end the run-down in its balance sheet later in the year.”