S&P forecast 2 fed moves in 2017 and 3 in 2018 if "moderate economic pace"

  • Sees 2016 US GDP growth at 1.6%
  • 2017 growth at 2.4%
  • 2018 growth at 2.3%
  • Expects US unemployment rate to dip to around 4.6% by end of 2017
  • Fed to boost interest rates at the December meeting
  • US consumer spending likely growing 2.5% next year
  • Sees Fed raising rates two times next year if moderate economic pace
  • Inflation views on election may not be lasting impression
  • Sees Fed raising rates three times in 2018 if moderate economic pace
  • Bond yields move on election may not be lasting impression
  • Stock moves on election may not be in lasting impression