News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Fiscal Stimulus to Boost US Economic Growth, Says OECD

Fiscal Stimulus to Boost US Economic Growth, Says OECD

Chrisitan Lewis,

Talking Points:

  • Fiscal stimulus set to boost economic growth in United States
  • GDP growth under 0.5 and 1 ppt in 2017, 2018 respectively
  • Monetary policy set to remain on cautious path near term

See how retail traders are positioning in the majors using the DailyFX SSI readings on the sentiment page.

According to a report today from the Organization for Economic Cooperation and Development (OECD), United States GDP is set to enjoy moderate growth as we head toward the end of the year, and set to accelerate as projected fiscal stimulus hits the economy in 2018. The projected fiscal support should lift domestic GDP growth, adding just under one-half and one percentage point in 2017 and 2018 respectively.

With the labor market continuing to perform well and inflation rising, the Federal Reserve is assumed to continue on their gradual rate-hike path, hitting 2.00 percent by the end of 2018. However, monetary policy should remain on a cautious path as certain inflation expectation measures have consistently undershot their targets. This may have the potential to edge down market expectations for hawkish Fed policy near term.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES