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
October 11, 2017
US Economic Update: October 2017
The effects of the recent major Hurricanes affecting the US are clearly evident in some of the economic data.
Overview:
- Some US activity indicators have been clearly affected by recent hurricanes – the impact is likely to be transitory and the economy remains on track.
- The Administration and congressional Republicans took a step forward on tax cuts, consistent with a small fiscal stimulus, although it is not certain that it will be passed by Congress.
- Inflation is expected to trend back up towards the Fed’s 2% over target, leading to further fed funds rate increases, but risks are to the downside.
For further details please see the attached document
