Employment growth was incredibly strong in the quarter and forward-looking surveys have rebounded over the last months, suggesting the second quarter will be much stronger. Paul Ashworth More Quotes by Paul Ashworth More Quotes From Paul Ashworth It is quite sensible for them to sit back and see where they are. Paul Ashworth sensible The only uncertainty surrounding the decision is the wording of the accompanying statement and, in particular, whether the assessment that 'some further policy firming may be needed to keep the risks ... roughly in balance' will be dropped. Paul Ashworth assessment risk decision This is all a bit of a puzzle, ... It will depend obviously on how quickly these areas can be repopulated, and also you've got the positive of reconstruction spending and the fact that that will create jobs. Paul Ashworth spending jobs facts The upshot is we now expect the Fed to leave rates unchanged throughout this year, before a further deterioration in economic growth forces it to cut rates by a total of 75 basis points in 2020. Paul Ashworth top-news Leave or remain, this probably isn't going to affect Fed policy. Paul Ashworth top-news I don't think it means the economy is in trouble. Paul Ashworth business Investment in equipment appears to be recovering. Paul Ashworth top-news Manufacturers will continue to struggle with the impact of the dollar's rise for some time yet. Paul Ashworth top-news This leaves the Fed with less scope to delay raising rates until it sees more evidence of a rebound in real activity, september is still the most likely (rate) lift-off date, but July is not out of the question, particularly not if we get another couple of robust rises in core consumer prices in May and June. Paul Ashworth most-read-articles
