US economic outlook : input and housing costs to hit inflation next while interest rates remain low

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<title>US economic outlook</title>
<subTitle>: input and housing costs to hit inflation next while interest rates remain low</subTitle>
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<namePart>Jean Haegeli, Jérôme</namePart>
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<namePart>Holzheu, Thomas</namePart>
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<namePart>Meyer, Jake</namePart>
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<publisher>Swiss Re Institute</publisher>
<dateIssued>2021</dateIssued>
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<abstract displayLabel="Summary">Slowing economic activity indicates peak growth has passed as the economy  returns to more normal output. We maintain our 2021 and 2022 GDP forecasts at 6.0% and 4.0% respectively. High demand, supply disruptions and rising rents Will likely keep monthly inflation above the Fed's 2% target into the fall, but this should balance deflationary pressure from normalizing prices in used autos. A more stable inflation outlook, coupled with expectations of muted long-run growth, are causing long-term interest rates to decline from the spike in Q2. Downside risks are elevated for construction and housing due to supply chain issues and high home valuations</abstract>
<note type="statement of responsibility">Jérôme Jean Haegeli, Thomas Holzheu, Jake Meyer</note>
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<topic>Economía</topic>
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<topic>Crecimiento económico</topic>
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<topic>Análisis económico</topic>
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<topic>Desarrollo económico</topic>
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<topic>Inflación</topic>
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<topic>Recesión económica</topic>
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<topic>COVID-19</topic>
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<geographic>Estados Unidos</geographic>
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