The positive economic surprises keep coming for the U.S. economy.
For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Dec. 1.
- Both “soft” indicators, like PMI and consumer confidence indexes, and “hard” indicators, like housing and retail sales, are exceeding consensus expectations.
- We expect a robust 217K jobs were created in November, with the unemployment rate expected to hold at 4.1%.
- Business equipment spending is coming back to life.
- Maintaining this outperformance into 2018 will be extremely difficult.
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