US Economic Update: June 2017

After a slow start to the year, early indications for June quarter GDP are pointing to an acceleration in growth.

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Overview:

  • Early indications suggest that GDP growth is on track to rebound in the June quarter.
  • The ongoing decline in the unemployment rate is consistent with an economy growing above its longer-term trend level, and we expect this to continue over the rest of this year.
  • The Fed is expected to increase the fed funds rate at its June meeting.

For further details please see the attached document.