Daily Archives: Nov 30, 2017 at 07:10 am EDT

How Much Credit Does Trump Deserve For Economic Growth?

US economic growth was revised up to a 3.3% pace in yesterday second GDP estimate for the third quarter – the strongest quarterly rise in three years. Fourth-quarter estimates look upbeat too, holding out the possibility that output will rise by 3%-plus for three quarters in a row. If the Q4 prediction is correct, the US will post its best cumulative three-month advance since the 2014:Q3-2015:Q1 run.
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Macro Briefing: 30 November 2017

GOP tax bill moves closer to final vote in Senate: Reuters
Trump nominates Marvin Goodfriend to Fed’s board of governors: NY Times
OPEC expected to extend oil production cuts: Reuters
Fed Chair Yellen tells Congress recovery is “increasingly broad based”: Reuters
Q3 GDP growth revised up to 3.3%–highest in 3 years: Bloomberg
Pending homes sales revives 3.5% after post-hurricane bounce-back: CNBC
2-year Treasury yield ticks up to new post-recession high — 1.78%: Treasury.gov