Moody's trims its US growth expectations:...>

US VIEW: Moody's trims its US growth expectations: it now "expects US growth of

2.2% in 2017 and 2.3% in 2018, down from 2.4% and 2.5%, respectively. The

revisions in 2017 are a result of weaker performance in the first half of the

year. The lower growth forecast for 2018 reflects expectations of a more modest

fiscal stimulus than previously assumed."

- "We don't expect a major infrastructure bill to pass in 2017 or 2018," said

Madhavi Bokil, a vice president at Moody's and author of the report. "Even if a

bill were to pass, infrastructure expenditure that is funded through tax credits

will have a minimal immediate impact on growth," Bokil said.

- Mooday's adds US monetary policy "should continue to tighten this year and

next. Moody's also expects monetary policy in the euro area to become less

supportive in 2018, provided that the current growth momentum remains intact.

The Bank of Japan's policy stance will likely become less accommodative once the

2% inflation target is reached, which the central bank expects in 2019." 

- Such comments came within Moody's Global Economic Outlook report.