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Analysts at BNP Paribas suggest that despite slow start, US economy is expected to expand at a 3% or so in 2018, thanks to tax cuts, booming profits and credit.

Key Quotes

“The current weakening in external trade indexes put the risk on the downside.”

“Inflation is accelerating in the wake of higher oil prices and more evident tensions in the labour market.”

“The Fed will keep on normalizing monetary conditions. We forecast the Fed Funds target rate to reach 2.75% by early 2019.”