Evidence mounts that, after 10 years of extremely low rates, the impact of more cuts is limited.
Fed Chairman Powell’s words belie the official mandate, State Street’s Arone finds.
US GDP has been growing for 121 months in July, but the growth rate is a mere 2.3%.
Firm’s economists think the pace will slow to 1.1% in the current quarter.
But latest estimates indicate slight improvement from previous calls.
Former Federal Reserve chief warns that huge obligations will crowd out needed capital spending.
EU analysis says US GDP would drop 3.4% by 2030.
Growth is expected to slow next year, though, according to BNP Paribas.
Leuthold strategist fears hot economy will push up inflation, threatening advance.
Pantheon’s Ian Shepherdson says tax cuts spurred 4.1% increase, and he thinks future readings will be lower.
Oil-rich nation seeks to diversify its economy and boost its private sector.