US 2017 Q3 GDP: October 2017

Another strong quarter of growth.

By

Overview:

  • 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