United States

Retail sales and productivity show economy firing on all cylinders

WEEKLY MARKET COMMENTARY  | 

Download report

A U.S. economy, flush with additional disposable income via a $1.5 trillion tax cut, sustained strong job creation and solid demand for consumer credit, is firing on all cylinders. The strong July increase in retail sales and the pickup productivity to 2.9 percent in the second quarter of the year should affirm the path of monetary policy at the Federal Reserve ahead of its September meeting where it will likely lift the policy rate by another 25 basis points to 2 to 2.25 percent.

Following the data deluge, it would appear that Q3 2018 gross domestic product will arrive above 3 percent.

Wealth Management Services Disclosure

AUTHORS


How can we help you?

To discuss how our team can help your business, contact us by phone 800.274.3978 or