According to analysts at Westpac, the potential for another fresh bullish re-profiling of US growth and Fed expectations is arguably limited. Key Quotes “Tax cuts/fiscal stimulus and accommodative financial conditions have already fueled a significant uplift in Fed /private sector growth expectations for 2018, from the “low 2s” to around 2.7-2.8%. Admittedly a meaningful positive fiscal impulse continues to wash over the US economy in 2019.” “Both the CBO and the IMF project an implied fiscal impulse in 2019 of 0.6% of GDP, not that dissimilar to 2018 (see below). But against that, the relentless easing in US financial conditions has come to an end and Fed Funds is approaching neutral.” “US financial conditions are not tight but choppy equities, wider credit spreads, higher mortgage rates, yield curve flattening, a stronger USD and wider LIBOR-OIS wholesale funding rates have all finally produced a clear turning point in various measures of US financial conditions.” “All told, growth expectations are unlikely to turn lower, if at all, but the trend of persistent upward revisions has probably crested. Matching that, the prospect of an even more hawkish Fed in the next several months does not seem likely – there’s next to no chance the Fed will signal five hikes in 2018 and they will not be compelled to raise expectations for 2019, if needed, until well into next year.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Eurozone: Focus on PMI data – Danske Bank FX Street 4 years According to analysts at Westpac, the potential for another fresh bullish re-profiling of US growth and Fed expectations is arguably limited. Key Quotes "Tax cuts/fiscal stimulus and accommodative financial conditions have already fueled a significant uplift in Fed /private sector growth expectations for 2018, from the "low 2s" to around 2.7-2.8%. Admittedly a meaningful positive fiscal impulse continues to wash over the US economy in 2019." "Both the CBO and the IMF project an implied fiscal impulse in 2019 of 0.6% of GDP, not that dissimilar to 2018 (see below). But against that, the relentless easing in US financial conditions… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.