US: Downside risks to growth - NAB

Tony Kelly, Senior Economist at NAB, suggests that US GDP growth slowed at the end of 2015 and they expect this to be temporary but there are downside risks.

Key Quotes

• “Labour market strength and lower gasoline prices supporting consumption growth. Residential investment is strong and fiscal policy a tailwind.

• Risks are coming from weakness in energy, manufacturing, traded sectors and recent tightening in financial conditions.

• Little chance of a fed funds rate hike in March.”