Consumer confidence is near 17-year highs, and business confidence is up.
For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Nov. 10.
- Loan demand is slowing across nearly all loan categories, and credit standards around consumers are being selectively tightened.
- Overall commercial bank credit growth fell to 3.15% from a year ago in October.
- Demand for auto and credit card loans were basically unchanged from the previous quarter.
- The Fed’s rate hikes, so far, have significantly flattened the Treasury yield curve, reducing the profitability and appetite for new bank lending.
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We are finally getting some concrete details on the size and shape of the likely tax reform package that is moving through the House.Read More ›
we see the net 261K gain in jobs as evidence that the U.S. labor market is swiftly resuming its solid monthly pace of job creation.Read More ›
The message from the FOMC this month is no change in monetary policy plans, with the economy and inflation evolving close to our expectations.Read More ›
The advance estimate of third quarter GDP growth exceeded nearly all expectations largely shaking off the negative impact of the fall hurricanes.Read More ›