The Securities Industry and Financial Markets Association sees US economic growth resuming in Q3 of this year, to 0.8% followed by +1.9% in Q4. For all of 2009, a 2.7% fall is forecast followed by a 2.1% rebound in 2010. Inflation is not an immediate threat, the group says, with core CPI seen at 1.6% this year and 1.2% next.
EUR/USD is consolidating after its massive rise on US investment bank buying, now at 1.4090. It continues to run into sellers just above 1.4100.
