US: Growth momentum has regained its footing - TDS

Research Team at TDS, suggests that following a stumble at the end of 2015, growth momentum has regained its footing.

Key Quotes

“Despite the improvement in growth, however, global headwinds have continued to restrain the Fed, which delivered a dovish message at the March FOMC meeting, forcing the market's pricing for a June rate hike to decline to 50%.

A dovish Fed keeps the USD on its back foot as market focus remains on idiosyncratic risks elsewhere. A return of better growth prospects will put the focus back on (moderate) USD strength as the Fed comes back in play later this year.”