Daily economic indicators continue to show the second-quarter U.S. economic rebound remains on track. However, beyond this quarter, the economic and policy outlooks are becoming cloudy again.
For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on May 19.
- President Trump’s ratings are once again revisiting their lowest levels since he took office.
- Republican lawmakers may be more willing to distance themselves from elements of the president’s tax reform and budget plan — for example, whether to make the tax cuts revenue-neutral or not.
- Measures of stock market volatility and credit risk show a level of complacency that seems oddly out of place with the dire political headlines of the day.
- This week’s events call our GDP 2018 forecast into question and tip the balance of risks more toward the downside than the upside in my view.
The trade relationship between the U.S. and its largest trading partner is being reshaped.Read More ›
Although Apple may have disappointed some investors, companies within the S&P 500 in aggregate have held up to the hype placed on the domestic equity market this year.Read More ›
We see nothing in the statement today that would dissuade the FOMC from raising the fed funds rate again in June.Read More ›
Increases in lending rates may cause some downside pressure, but corporations could soon benefit from new laws.Read More ›