The first headline is bad news for USD but there is some positive news mixed in:
- IMF cuts 2014 US forecast to 1.7% from 2.0%
- Says “meaningful rebound” under way in US economy
- Sees US reaching full employment ‘only by end-2017′
- Leaves 2015 forecast at 3%
- Sees US output gap at near 4% at year-end, could take until 2018 to close
Overall, the persistent weakness in the US is evident in the Treasury market where 10-year yields remain under pressure and are trading at 2.46% after touching 3% at the start of the year. That's a sign of slow growth and low inflation to come.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in