US economy expected to resume its upside momentum – ING

FXStreet (Edinburgh) – Analysts at ING Bank see the US economic growth resuming its up trend in the upcoming quarters.

Key Quotes

“The downward revision to 1Q15 US GDP into negative territory will hopefully draw the line under a very disappointing start to the year”.

“Recent numbers have been a touch more encouraging, but we are hopeful that the US economy will build more momentum”.

“This coming week’s highlights will be the ISM indices and the labour report and we look for these in aggregate to point to an improvement”.

“We forecast a rise in payrolls of around 240,000 with the unemployment rate remaining at 5.4%”.

“Wages will also be a big story, but we don’t expect any significant uptick just yet”.

“There are also several central bankers scheduled to speak and we will look to see if there is a growing acknowledgement of the need for policy tightening in the near future”.

Analysts at ING Bank see the US economic growth resuming its up trend in the upcoming quarters…

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