1 May 2015
US GDP and rates forecast – Goldman Sachs
FXStreet (Barcelona) - The Goldman Sachs Team forecasts US GDP to see a rebound to 3.1% in Q2 and Fed to maintain rates to 0% till September 2015.
Key Quotes
“We forecast real GDP growth of 2.8% in 2015 and 2016. On a sequential and annualised basis, we expect growth to pick up to around 3.1% in 2015Q2, and then move to around 3.0% in subsequent quarters.”
“The Fed funds target range is 0%-0.25%. The March FOMC statement removed the Committee’s “patient” forward guidance but contained a dovish shift in the economic assessment. The “dots” moved down more than expected, reflecting a projected level of the Fed funds rate at the end of 2015 most consistent with a September hike.”
Key Quotes
“We forecast real GDP growth of 2.8% in 2015 and 2016. On a sequential and annualised basis, we expect growth to pick up to around 3.1% in 2015Q2, and then move to around 3.0% in subsequent quarters.”
“The Fed funds target range is 0%-0.25%. The March FOMC statement removed the Committee’s “patient” forward guidance but contained a dovish shift in the economic assessment. The “dots” moved down more than expected, reflecting a projected level of the Fed funds rate at the end of 2015 most consistent with a September hike.”