View US Growth Outlook with Scepticism

According to the market, the Federal Reserve will hike rates considerably through 2017, but projections were made only months ago that the U.S. could slip into recession

Dan Kemp 28 November, 2016 | 11:50AM
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In the current environment, it almost seems more appropriate to re-label economic sentiment as geopolitical sentiment. There is no doubt economic sentiment is being shifted by geopolitical changes, with Brexit negotiations and a Trump presidency quickly changing market expectations for growth.

There are no policies being proposed that give us confidence 3% growth will be delivered

According to market expectations, the Federal Reserve will hike rates considerably through 2017, with some commentators claiming at least three hikes are priced in.

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Dan Kemp

Dan Kemp  is Chief Investment Officer, Morningstar Investment Management EMEA

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