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What the Fed thinks

Michael Knox

The Summary of Economic Projections provided by the Federal Reserve on 21 March, suggest higher US growth and lower unemployment with little rise in inflation.

This appears to be the result of the impact of US tax cut legislation. Accelerated depreciation could lift investment. This might lift productivity. Individual tax cuts might lift labour force participation. This might also add to output.

The supply side improvements brought about by the tax cut legislation could improve the outlook for the US economy.

Listen to the full analysis in the podcast or clients can download my report 'What the Fed thinks'.


More information

Morgans clients can login to access my full report: 'What the Fed thinks'. Alternatively, you can view more of my analysis by clicking 'economic strategy' in the popular topics list to the right of this page, or listen to my full playlist of podcasts on Soundcloud. Alternatively, contact your Morgans adviser or nearest Morgans branch.

Disclaimer: The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents ("Morgans") do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.