The Northern Trust Economics team shares its outlook for U.S. growth, employment, interest rates and inflation.

We review the key themes of the first half of a busy year.

Financial volatility continues to moderate amid settling in the banking sector. Economic data in much of the world has remained positive. But a slowdown is in store. Businesses and households will have a harder time borrowing as credit conditions tighten further. Financial risks have risen.

The Northern Trust Economics team shares its outlook for key markets in the month ahead.