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
More;
- Expect the US to fall into recession in H1 of 2020