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.
Read More ›
The FOMC dropped a big hint in today’s FOMC statement that implementation of the Fed’s balance sheet normalization plan will take place “relatively soon.”Read More ›
The second estimate for Q1 GDP growth didn’t do much to alter the original view that the U.S. economy got off to a rough start this year.Read More ›
Beyond this quarter, the economic and policy outlooks are becoming cloudy again.Read More ›
There were few surprises in today’s Federal Open Market Committee (FOMC) decision and statement to hold the fed funds target rate at between 0.50 and 0.75%.Read More ›