Home US Q4 growth is setting up to be very strong – Citi
FXStreet News

US Q4 growth is setting up to be very strong – Citi

In the view of the analysts at Citigroup, the US advance GDP figures for the fourth quarter are expected to come in stronger. The US data is due later in the NA session at 1330 GMT.

Key Quotes:

“Q4 growth is setting up to be very strong.

An unexpected narrowing in the trade balance in November.

Our Q4-18 GDP tracker currently stands at 2.5%

However, Q1 growth is likely to slow as tighter financial conditions and the government shutdown exert a drag.

This is by now well expected in markets and between these factors and potential residual seasonality we think investors (and the Fed) will stay in wait-and-see mode until a clearer picture emerges in Q2.”

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.