US: Growth to slow in the near term – BNP Paribas

Sandeep Kanihama FXStreet Contributor

Analysts at BNP Paribas suggest that despite the support coming from the Fed rate cuts in 2019, they are expecting the US growth to slow in the near term under the influence of corporate investment and housing.

Key Quotes

“Consumer spending should be more resilient but could slow on the back of a less dynamic labour market.”

“As a consequence, we expect two Fed funds target rate cuts in the first half of 2020.”

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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