Forecast Update: Inching Toward Global Tightening
US growth was weaker than expected in the first half, but we expect GDP to strengthen in the second half and in 2018. In part that reflects a more patient Fed, as we expect lower-than-expected inflation will eventually permeate even the FOMC’s thinking.
Chart of the Week: Volatility and the business cycle
Plus “The Week Ahead,” a preview of next week’s potentially market-moving events.