Fed is close to cutting rates - NAB

Sandeep Kanihama FXStreet Contributor

Tony Kelly, senior economist at National Australia Bank, suggests that trade disputes continue to cast a shadow over the US economic outlook.

Key Quotes

“While recent data suggest some upside risk to our Q2 GDP forecast, business surveys point to a slowing economy.”

“The Fed is getting ready to cut rates; we expect two 25bp reductions in the federal funds rate, with July and September now the most likely dates.”

“There is considerable event risk around these projections – including the upcoming meeting between the US and Chinese Presidents.”

“Risks still appear slanted towards the Fed making more rather than fewer cuts.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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