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US economy growing at an above trend pace - NAB

FXStreet (Barcelona) - Tony Kelly, Economist at National Australia Bank sees strong job growth in the US as the catalyst for the increase in pace of economic growth.

Key Quotes

“We expect the Fed to start raising rates in mid-2015. While there are signs wages growth is starting to strengthen, with oil prices falling and the dollar strengthening, low inflation remains the main risk that may delay rate hikes.”

“The overall impact on economic growth of the fall on oil prices is probably positive, although it may slow growth in the mining sector.”

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