US Economic Update: November 2016
The new President and administration will take office at a time when the economy is in reasonably solid condition at the macro level.
Economy is solid although election result increases uncertainty
- The election result increases uncertainty around the economic outlook as we wait to see what parts of the election platform are delivered and when.
- However, markets recovered quickly post-election and with the economic data remaining solid we expect the Fed to lift the fed funds rate in December.
For further details please see the attached document: