US: Buoyant activity – BNP Paribas
|US economy’s economic activity has been buoyant so far, largely thanks to tax cuts, according to analysts at BNP Paribas.
Key Quotes
“For the foreseeable period, a landing is more than a possibility nInterest rates hikes and tariffs increases on worth $300bn of imports will start to weigh on firms profitability, then activity.”
“The downward adjustment could be sizeable in highly leveraged sectors such as energy and IT. As a consequence, the monetary tightening could rapidly come to an end, after a supplementary 50-75 bps hike in key rates.”
“Long term-bond yields would also stabilize, at around the 3pct level.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.