US Economic Update: October 2016

While GDP growth has been modest, jobs growth remains solid and inflation is edging up.

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Key points:

  • The US economy continues to perform solidly. While GDP growth has been modest, jobs growth remains solid and inflation is edging up.
  • There are signs that consumption growth is starting to moderate but at the same time business investment indicators are showing signs of life.
  • The Fed remains on track to increase rates in December.

For further details please see the attached document

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