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US: Growth likely to slow to 2.3% this year – BNP Paribas

According to analysts at BNP Paribas, US growth is expected to slow to 2.3% this year with trade war uncertainty acting as a drag in addition to the softening housing market, slowing corporate investment, as well as exports in reaction to the past strengthening of the dollar against a broad range of currencies.

Key Quotes

“Core inflation remains well under control and has eased a bit.”

“Following the dovish message from the January FOMC meeting, markets are pricing in a policy easing in the course of 2020.”

WTI decline halted ahead of $63.00

The barrel of the West Texas Intermediate is giving away part of last week’s gains although the corrective le lower met support in the proximity of th
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Gold plummets to 1-1/2 week lows, below $1285 level

• Risk-on mood/US-China trade optimism keeps exerting pressure for the third straight session. • Upbeat US data/ modest uptick in the US bond yields
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