FOMC will reduce its estimate of NAIRU at March meeting: Danske Bank
Feb 20, 2015 08:23 am UTC| Commentary
Quotes from Danske Bank: -We find it likely that the FOMC will reduce its estimate of the NAIRU at the upcoming March meeting, a guesstimate is from the current 5.4% to around 5.0%. -If our forecast on the unemployment...
Current level of underemployment in US not enough to keep rate hikes off the table: Danske Bank
Feb 20, 2015 08:22 am UTC| Commentary
Quotes from Danske Bank: -Given the extremely low level of the fed funds rate, the current level of underemployment is not enough to keep hikes off the table, in our view. It rather serves as a reason why the Fed will...
US GDP growth to reach 3.0% this year and 2.5% in 2016: Danske Bank
Feb 20, 2015 08:21 am UTC| Commentary
Quotes from Danske Bank: -We expect US GDP growth to reach 3.0% this year and 2.5% in 2016. This is well above potential growth, which the CBO estimates at 1.7% this year and should support continued job growth at an...
Fed will deliver around 100bp in rate hikes the first year: Danske Bank
Feb 20, 2015 08:19 am UTC| Commentary
Quotes from Danske Bank: -Once the Fed starts the hiking cycle, we think they will take a gradual approach. With core inflation running below the 2% target until late 2016, we think the Fed will deliver around 100bp in...
FOMC to ultimately attach more weight to continued labour market improvement: Danske Bank
Feb 20, 2015 08:18 am UTC| Commentary
Quotes from Danske Bank: -Our long-held view is that the Fed will deliver the first 25bp rate hike in June this year. We still see a reasonable probability of a hike in June, but acknowledge that the low level of core...
CBRT to adopt a prudent stance next week: UniCredit
Feb 20, 2015 08:13 am UTC| Commentary
Quotes from UniCredit Research: -We expect the CBRT to adopt a prudent stance next week and cut the one-week repo rate by a moderate 50bp to 7.25%. While this would probably cause another episode of political backlash, it...
Vietnam February CPI inflation likely to ease slightly to 0.8% y/y: Standard Chartered
Feb 20, 2015 08:11 am UTC| Commentary
Quotes from Standard Chartered: -Vietnam will release key February economic data during the week of 23 February, including inflation, industrial production (IP), retail sales and trade data. -We expect CPI inflation to...
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