US Economic Outlook Ryan Wang US Economist HSBC Securities (USA) Inc.

Slides:



Advertisements
Similar presentations
Dennis Turner, Chief Economist, HSBC UK Economic Outlook Bumping along…
Advertisements

The New Economic Landscape William Strauss Senior Economist and Economic Advisor Federal Reserve Bank of Chicago The Progressive Manufacturing Summit 2009.
Economic Conditions in New Hampshire and New England Yolanda Kodrzycki Vice President and Director, NEPPC Federal Reserve Bank of Boston Joint Economic.
Copyright © 2007 Global Insight, Inc. The U.S. Economic Outlook: How Much Fallout from The Housing Meltdown? Nariman Behravesh Chief Economist NAHB April.
CONFIDENTIAL AND PROPRIETARY. Permission to reprint or distribute any content from this presentation requires the written approval of Standard & Poor’s.
Economic Assessment William Strauss Senior Economist and Economic Advisor Federal Reserve Bank of Chicago Not So Silent Partners: Libraries and Local Economic.
Economic Outlook William Strauss Senior Economist and Economic Advisor Federal Reserve Bank of Chicago Multi-Chamber Economic Outlook Luncheon Downers.
Economic Outlook William Strauss Senior Economist and Economic Advisor Federal Reserve Bank of Chicago Multi-Chamber Economic Outlook Luncheon Westmont,
Global Economic and Financial Prospects and Risks: 2006 Robert F. Wescott, Ph.D. Rome 5 December 2005.
AFTER THE STORM (s): Average sustained growth, with risks Ken Goldstein
2015 Texas Economic Outlook: Tapping on the Brakes Keith Phillips Sr. Economist and Research Officer The views expressed in this presentation are strictly.
Economic Outlook Phoenix Chamber of Commerce Economic Outlook Breakfast September 30, 2011 Beckie Holmes Diretor, Marketing Science, Cox Communications.
Economic Outlook William Strauss Senior Economist and Economic Advisor Federal Reserve Bank of Chicago Calumet Area Industrial Commission Chicago, IL April.
Economic Outlook for Consumers William Strauss Senior Economist and Economic Advisor Federal Reserve Bank of Chicago University of Illinois Center for.
Economic Outlook William Strauss Senior Economist and Economic Advisor Federal Reserve Bank of Chicago Saint Xavier University Graham School of Management.
ABC Global Research Asian Economics Paul Bloxham Chief Economist (Australia and New Zealand) HSBC Bank Australia Limited +61 (2)
Agricultural Economics Macroeconomic Situation and Outlook Fall 2003 Craig Infanger Larry Jones.
Boston Federal Reserve The New England District By: Alan Sanders & Jackson Ta.
Federal Reserve Bank of New York, Second District Project by Rodolfo Capiro Joseph Seifried Timothy F. Geithner President and CEO since November 17, 2003.
Presented by: Steve Nivin, Ph.D. Please contact Steve Nivin with any questions or comments at or ECONOMIC.
Economic Outlook William Strauss Senior Economist and Economic Advisor Federal Reserve Bank of Chicago Spring Manufacturers Institute Orlando, FL April.
ABC Global Research Asian Economics Paul Bloxham Chief Economist (Australia and New Zealand) HSBC Bank Australia Limited +61 (2)
Economic Update February 2012 Ryan Wang, US Economist HSBC Securities (USA) Inc
Figure 12.1 American house prices; 12-month moving average, 1987 – 2012 Source: calculations based on data from US Census Bureau; median new house price.
Today’s Economic Situation: The Great Recession, The Recovery, Where We (May Be) Going? Principles of Macroeconomics 7/20/12.
November 6, A Perspective on the Wisconsin Economy: Past, Present, and Future This presentation is based on information supplied by the U.S. Bureau.
Global Economic Prospects, Risks and Challenges for Europe Robert F. Wescott, Ph.D. SACE Milan 18 November 2005.
Economic Outlook William Strauss Senior Economist and Economic Advisor Federal Reserve Bank of Chicago Chicago Association of Spring Manufacturers Rosemont,
Economic Overview September 2009 Jay N. Mueller, CFA Wells Capital Management Fixed Income Group.
1 Coping With The Limits of Macroeconomic Policy The Recovery from the Great Recession In this presentation National forecasts are produced by Global Insight,
Proprietary and Confidential. Not for disclosure outside Federal Reserve. Economic Outlook and Monetary Policy Presentation prepared for the National Conference.
Economic Assessment Wade Rousse Economic Outreach Specialist Federal Reserve Bank of Chicago IASET Chicago, IL December 12, 2008.
Dr. Michael Pakko Chief Economist and State Economic Forecaster Institute for Economic Advancement, UALR The Arkansas Economic Outlook October 15, 2014.
Economic Outlook for 2011 and 2012 William Strauss Senior Economist and Economic Advisor Federal Reserve Bank of Chicago Electronics Representatives Association.
Business Cycle & U.S. Economy
© 2011 Morningstar, Inc. All rights reserved. From Slow Straggle to Steady Stride: A Hesitant Recovery Assumes New Cadence Robert Johnson, CFA Director.
National Economic Outlook October 3, 2014 John Fernald Senior Research Adviser Federal Reserve Bank of San Francisco * The views expressed are my own and.
2015 Labor Day Report: Annual Report on the State of Montana’s Economy Barbara Wagner Chief Economist State Workforce Investment Board Meeting September.
Overview and Outlook for Georgia’s Revenue Situation and Economy Fiscal Management Council Office of Planning and Budget Ken Heaghney September 2015.
Tennessee and U.S. Economic Update and Outlook Matthew N. Murray, Ph.D. October 2015.
Fiscal Cliff and Economic Indicators By: Nolan Wurm Matthew Schweikart.
2013 Economic Outlook Professor Martin Shields CSU Regional Economics Institute.
DataPost Federal Reserve Bank of San Francisco Economic Education & Outreach Inflation Measuring Price Changes Date last updated: December 7, 2015.
December 3, The State of The Economy In this presentation National forecasts are produced by Global Insight, Inc. State and Metropolitan forecasts.
The Recovery from the Great Recession In this presentation National forecasts are produced by Global Insight, Inc. State and Metropolitan forecasts are.
DataPost Federal Reserve Bank of San Francisco Economic Education Group Inflation Measuring Price Changes Date last updated: June 10, 2013.
Sectors Academy: Colorado’s Economic and Demographic Environment Alexandra Hall, Director Dee Funkhouser, Manager Labor Market Information Colorado Department.
The Economic Outlook Sam Kahan, Senior Economist Federal Reserve Bank of Chicago: Detroit Branch Wisconsin Bankers Association Madison,
Central Oklahoma Workforce Board February 17, 2016 Chad Wilkerson Vice President, Economist, and OKC Branch Executive Federal Reserve Bank of Kansas City.
Creating a Forecast Charles Steindel January 21, 2010 All views expressed are those of the author only and not necessarily those of the Federal Reserve.
An Overview of Economic Conditions in the Nation and Missouri Subhayu Bandyopadhyay Research Officer Federal Reserve Bank of St. Louis.
Conference Call February 12, The Economy Bureau of Labor Statistics reported labor productivity for non-farm businesses rose 2.1% (YOY) in Q
Issuer of report: Disclosures & Disclaimer: This report must be read with the disclosures and the analyst certifications in the Disclosure appendix, and.
Tennessee Business and Economic Outlook Figures Spring 2016.
Economic Outlook Multi-Chamber Economic Outlook William Strauss
The challenges of managing Australia’s mining boom
2017 Outlook For the Financial Markets
Jobs and Housing: Signs of Strength
Loanable Funds Problems
ECONOMIC OUTLOOK 2016 Dr. Michael L. Walden
The Outlook for Inflation
Economic Conditions and Outlook
The Monetary-Financial Environment
Inflation Measuring Price Changes
Economic Assessment The Transformer Association William Strauss
Zero Rates, No Inflation and Other Extremes
Economic Outlook Lake County Chamber of Commerce William Strauss
Workforce & Economic Outlook
Economic Outlook EconoSummit 2019 William Strauss Las Vegas, NV
Are Big Changes Coming to the Fed? David Beckworth
Presentation transcript:

US Economic Outlook Ryan Wang US Economist HSBC Securities (USA) Inc. ryan.wang@us.hsbc.com +1 212 525 3181 June 2015 Disclaimer & Disclosures: This report must be read with the disclosures and the analyst certifications in the Disclosure appendix, and with the Disclaimer, which forms part of it

Industrial production since the Great Recession Source: Federal Reserve, Netherlands Bureau for Economic Policy Analysis 2 2

Global industrial production growth has slowed Source: Federal Reserve, Netherlands Bureau for Economic Policy Analysis 3 3

Sharp drop in oil prices since the middle of 2014 Source: Bloomberg

US: Oil drilling has plunged, production still climbing Source: US Energy Information Administration, Baker Hughes 5 5

US: Manufacturing and energy sectors have weakened this year Source: Bureau of Labor Statistics 6 6

US: Weakness in Q1 GDP was likely overstated Source: Bureau of Economic Analysis, Federal Reserve Bank of Philadelphia 7 7

US: Labor force participation on a downward trend Source: Bureau of Labor Statistics 8 8

US: Composition of workforce is changing Source: Bureau of Labor Statistics 9 9

US: Wage gains subdued by historical standards Source: Bureau of Labor Statistics

US: Housing recovery has been slower than in previous cycles Source: US Census Bureau

US: Homebuilders reluctant to overbuild Source: US Census Bureau 12 12

US: Core inflation below 2% Source: Bureau of Economic Analysis

FOMC projections for federal funds rate Source: Federal Reserve

Fed balance sheet would shrink following a change in reinvestment policy Source: Federal Reserve, HSBC

Interest rates in advanced economies Source: Bloomberg