Weekly Economic Briefings > Us Weekly Economic Briefing

The FOMC looks all but certain to hike rates next week. The policy statement will likely strike an upbeat tone, noting the economy is growing at a steady pace but that global headwinds and soft business spending are restraining growth. Key administration nominations by President-elect Trump lead us to believe the pro-growth agenda including lower taxes and increased infrastructure outlays will dominate the campaign trail protectionist agenda. Contrary to popular belief, financial conditions remain supportive of continued economic growth, even after accounting for the recent spike in long-term bond yields. The risk is further tightening without a fiscal boost to growth next year.