7 May 2015
Investment climate turning treacherous - BBH
FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained that the investment climate will become more treacherous in the coming months.
Key Quotes:
"Several key issues are going to come to a head. Chief among these is whether the US economy strengthens sufficiently to provide the Federal Reserve with the opportunity that it is looking for to begin to normalize monetary policy."
"The Federal Reserve regards the headwinds that slowed the US economy to be temporary. This needs to be born out in the data. Continued improvement of the labor market is a clear prerequisite."
"June is the first opportunity for the Fed’s lift-off. The weakness in Q1, which follows a now familiar pattern, has spurred a shift in expectations further out."
"Since the recovery began in 2009, US growth in Q1 has singularly been disappointing, averaging 0.6% at an annualized pace. The average growth of the other quarters is 2.8%. September is understood to be the next such opportunity.
Key Quotes:
"Several key issues are going to come to a head. Chief among these is whether the US economy strengthens sufficiently to provide the Federal Reserve with the opportunity that it is looking for to begin to normalize monetary policy."
"The Federal Reserve regards the headwinds that slowed the US economy to be temporary. This needs to be born out in the data. Continued improvement of the labor market is a clear prerequisite."
"June is the first opportunity for the Fed’s lift-off. The weakness in Q1, which follows a now familiar pattern, has spurred a shift in expectations further out."
"Since the recovery began in 2009, US growth in Q1 has singularly been disappointing, averaging 0.6% at an annualized pace. The average growth of the other quarters is 2.8%. September is understood to be the next such opportunity.