NAB’s Wellbeing Index rebounded solidly in the June quarter, after falling to its lowest point in the history of the survey. Pressures remain. But the effort required has eased.
Report
December 14, 2017
US Economic Update – December 2017
2017 has proved to be another year of solid US economic growth and more of the same is expected in 2018, helped along by fiscal stimulus.
Overview:
- 2017 has proved to be another year of solid US economic growth and more of the same is expected in 2018, helped along by fiscal stimulus.
- Business survey readings are at high levels, as is consumer confidence and employment gains are strong enough to reduce the unemployment rate over time.
- Even inflation, surprisingly subdued this year, is showing signs of life; this will need to continue for our expectation of three more rate hikes in 2018 to be met.
For further details please see the attached document:
