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

• US 2017 Q3 GDP: October 2017 (PDF, 74kb)