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26 Apr 2016
Fed will look past the weakness of the US economy - BBH
Research Team at BBH, expects the FOMC statement this week to recognize the improvement in the global conditions that have been an increasing worry for officials over Q1.
Key Quotes
“At the same, time the soft patch of the US economy is undeniable.
We suspect the Fed will look past the weakness of the US economy. The strength of the labor market, with weekly initial jobless claims at their lowest level since 1973 and continuing claims at their lowest level since 2000, it is difficult to get too negative the US economy.
Still, the calm in the global climate is unlikely to be sustained. More than that, around the June 15 FOMC meeting, global tensions will be on the rise. ”
Key Quotes
“At the same, time the soft patch of the US economy is undeniable.
We suspect the Fed will look past the weakness of the US economy. The strength of the labor market, with weekly initial jobless claims at their lowest level since 1973 and continuing claims at their lowest level since 2000, it is difficult to get too negative the US economy.
Still, the calm in the global climate is unlikely to be sustained. More than that, around the June 15 FOMC meeting, global tensions will be on the rise. ”