Today’s US GDP report suggests the Fed is successfully piloting the economy towards a soft landing. Even so, the very slight slowdown in the rate of growth in Q3 – from 2.0% to 1.9% on a q/q annualised basis, and from 2.3% to a near-three-year low of 2.0% in y/y terms – will probably convince the central bank to cut rates again this evening. And if, as we envisage, the economic slowdown continues in Q4, the Fed is likely to do so again in December for the last time in this cycle.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services