October 30, 2017
US 2017 Q3 GDP: October 2017
Another strong quarter of growth.
- GDP grew strongly in the September quarter and, despite hurricane activity, was similar to the previous quarter’s growth.
- The details of the report were also reasonable. The result supports our view that the economy is growing at an above trend rate.
- At the margin, it is likely to increase the chance that the Fed will raise rates in its December meeting.
For further details please see the attached document