TD Securities Sees Sideways US Growth and Sticky Inflation in 2025
TD Securities economists expect US output growth to move sideways in 2025, with sticky inflation and stagflationary risks from the oil shock and Iran conflict.
TD Securities economists Oscar Munoz and Eli Nir expect US output growth to move sideways in 2025. They point to the lingering oil shock and the Iran conflict as sources of stagflationary risk.
The note highlights sticky inflation alongside that sideways growth outlook. The economists see the Federal Reserve remaining in focus as those stagflationary pressures persist.
Source: FXStreet Forex News