Consumer spending, according to NAB’s transaction data, went up 0.5% in both retail and total spending after being broadly flat last month.
Report
September 5, 2017
The Trump Economic Agenda: What next? – September 2017
Waiting to see if goals on tax and trade can make up for failure on health reform
Key points;
- Business tax cuts now the main focus of administration economic policy – outcomes still unclear as politicians decide.
- Poor deficit and debt outlook should curb US tax cut ambitions but probably won’t.
- Restrictive trade measures ramping up, especially aimed at China. All US free trade agreements being reviewed.
- Rising energy output and low prices boost US industrial competitiveness. Still waiting on substantive infrastructure plans.
