- Inflation is approaching 2% as the current dollar GDP has increased to 4.4%.
- Both inflation and GDP growth will force the FED to take action – the selloff in yielding assets will continue.
- Nondurables consumption leads to GDP growth alongside exports and inventories buildups questioning GDP growth sustainability.
Last Friday, the Bureau of Economic Analysis released the GDP data for Q3 2016. At first, it looked surprisingly good with the GDP growing at an annual rate of 2.9% for the quarter. This is excellent news as it takes the economy out of its anemic growth rhythm seen in the last two years. More →