What Nomura Expects From The US Economy

In a report published on Friday, analysts at Nomura listed six things that they expect from the US economy. These were: 1. 3% growth over the next 4 quarters on "stronger consumer activity." 2. Beyond 2015, growth would be "closer to its potential rate of ~2.25%," driven by supply constraints and higher policy rate. 3. Housing to be supported by "an improving job market and a gradual easing in lending standards." 4. The negative impact from lower crude prices on oil-drilling activity to hold back capex in 2015. 5. The first rate hike would be postponed to 3Q15 on account of "the lower trajectory of year-over-year headline inflation." 6. The key risks to remain as "tighter financial conditions, policy missteps, and further slowdown in global growth," Nomura's analysts said.