US: Economy expected to expand at approximately 2.8% this year – BNP Paribas

Sandeep Kanihama FXStreet Contributor

In view of analysts at BNP Paribas, US economy is expected to expand at approximately 2.8% this year on the back of tax cuts, booming profits and credit.

Key Quotes

“The slowdown of international trade implies the risk is on the downside.”

“Inflation is accelerating in the wake of higher oil prices and a tight labour market.”

“The Fed will keep on tightening its policy. We forecast the Fed funds target rate to reach 2.75% in Q1 2019.”

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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