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Results: listing 1 - 6 of 294 for “FED”

Fast Comment US — Employment disappoints

  1. Payrolls rise by 103,000 people in March; weaker than expected
  2. Unempoyment rate unchanged at 4.1%; wage growth picks up to 2.7% (2.6%)
  3. Weak report does not alter our outlook for three more Fed hikes this year

Jes Asmussen, Chief Economist Denmark | jeas01@handelsbanken.dk

Global Comment — Fears of trade war intensifying

  1. Trump has announced plans to impose tariffs of up to USD 60bn on Chinese imports
  2. Markets reacted with broad-based significant risk aversion
  3. Chinese retaliation might be on the cards

Jes Asmussen, Chief Economist Denmark | jeas01@handelsbanken.dk

Macro Comment US — Short-term fiscal boost, but increasing risks

Substantially more expansionary fiscal policy indicates stronger growth for both 2018 and 2019 than in our January forecast. However, the demand impulses from the tax reform and budget deal also increase the risks of overheating. The Federal Reserve will, in our view, respond and raise the policy rate three more times this year. Moreover, we believe that financial conditions will tighten more than households and firms expect. Thus, even if we now expect growth to be maintained for longer, we are still more pessimistic than consensus about the longer-term performance of the US economy and believe that the US will lead the next global downturn.

Christina Nyman, Head of Forecasting | chny09@handelsbanken.se

Fast Comment US — Fed hikes and raises rate outlook for 2019, 2020

  1. Fed hikes and raises rate outlook for 2019, 2020
  2. Press statement little changed; significantly lower unemployment forecasts
  3. USD slightly lower, curve steepens

Claes Måhlén, Chief Strategist | clma02@handelsbanken.se

Fast Comment US — Stellar employment but wage growth declines

  1. Payrolls increased 313,000 in February - markedly above expectations
  2. Unemployment rate was unchanged at 4.1 percent due to an increase in the participation rate
  3. Wage growth declined from 2.8 percent to 2.6 percent, which will take the edge off rate hike fears and support equity markets

Jes Asmussen, Chief Economist Denmark | jeas01@handelsbanken.dk

Fast Comment US — Fed Chairman Powell strikes a bullish tone on the economy

  1. Powell says rates can continue to rise gradually
  2. Outlook for growth remains strong, aided by fiscal policy and firmer global demand
  3. March rate increase appears to be 'a done deal'; risk of four increases this year is increasing

Jes Asmussen, Chief Economist Denmark | jeas01@handelsbanken.dk