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United States

Report | Economic insight for August 30, 2017


​With the economic data becoming consistently more heartening, political risk takes center stage again. Increasing animosity between the administration and Congress does not bode well, particularly with the battle over the budget and debt ceiling looming large. The data was not completely optimistic, as show by blemishes in the housing market and durable goods orders. Chair Yellen did not tip the Fed's hand in Jackson Hole last week, amidst growing speculation surrounding her potential replacement. Data releases will come fast and furious this week, with a look at how consumers are feeling, the second reading on second quarter growth, and the all-important look at the employment situation, particularly wage growth. Ryan Severino wants to know: Will we finally start to see an acceleration?


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