SG on the Fed - three more hikes then a pause

Author: Eamonn Sheridan | Category: Central Banks

Société Générale on the Federal Reserve, their view is for (an all but) certain hike in December followed by another two

  • In H1 of 2019
  • Pause in H2 
SG citing:
  • a waning in the impact of fiscal stimulus
  • moderating growth
  • moderating inflation rate
  • employment numbers to continue up in 2019, pressure for wiging wages
  • wage rises to weigh on corporate profits, followed by a down trun in the economy 
  • Expect the US to fall into recession in H1 of 2020


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