US: Growth to slow in the near term – BNP Paribas

Analysts at BNP Paribas suggest that despite the support coming from the Fed rate cuts in 2019, they are expecting the US growth to slow in the near term under the influence of corporate investment and housing.

Key Quotes

“Consumer spending should be more resilient but could slow on the back of a less dynamic labour market.”

“As a consequence, we expect two Fed funds target rate cuts in the first half of 2020.”