Believes the economic recovery will be sustainable as stimulus winds down. As the US economy comes out of the recession it is doing so with moderate growth and low inflation. Full economic recovery in the financial markets will take time.
He expects economic growth to be between 3 and 3.5 % over the next 2 years. On interest rates the Fed will need to raise rates as the economy improves.
On house prices the market seems to have stabilized but there could be some risk in the Commercial Real Estate market.
ForexGen And The Money Headline Animator
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