US: Economy expected to expand at approximately 2.8% this year – BNP Paribas

In view of analysts at BNP Paribas, US economy is expected to expand at approximately 2.8% this year on the back of tax cuts, booming profits and credit.

Key Quotes

“The slowdown of international trade implies the risk is on the downside.”

“Inflation is accelerating in the wake of higher oil prices and a tight labour market.”

“The Fed will keep on tightening its policy. We forecast the Fed funds target rate to reach 2.75% in Q1 2019.”