Through the BABC, members have the opportunity to develop valuable business contacts within the British American community and to exchange ideas and information with a cross section of business, trade and governmental interests.
By Joanne Gilbert, Fixed Income Investment Specialist, Aberdeen Asset Management
With so much policy ammunition spent in the pursuit of long lasting growth in the US, it is somewhat puzzling that the economy has remained, thus far, stubbornly sedate.
Gross domestic product (GDP chained year-on-year) has posted almost exclusively sub-3% readings since the onset of the global financial crisis (GFC). In our view, this is hardly a pace to trouble the hawks on the Federal Open Market Committee. Indeed, it has resulted in talk of a “new normal” where the interest rate cycle has a much lower upper bound. Proponents say that instead of 5% being the top end of the federal funds rate cycle, we are likely to see rates peak at 3%.
Dear BABC Members and Friends,
I am pleased to greet you after the summer months and officially open BABC’s “busy season” by means of this fall newsletter. This summer we participated in several business networking events. We also published our annual membership directory containing valuable business service information and contact data on both sides of the pond, as well as member details and corporate descriptions facilitating business development, along with trade statistics and a year-in-review of BABC programs. Special thanks to all who contributed by purchasing, without you this annual publication would not be possible.