Third time a charm for US Growth
Third time a charm for GDP estimates across the Atlantic this afternoon will have Mr Trump’s fans rejoicing after three consecutive monthly estimates culminating at 3.1%. With investors still grappling with news that Mr Carney has changed his tune on rates, markets will now have more than one eye focused on Yellen and her supposed hike in December. After a more bullish Fed meeting this month the tide appears to be turning at a crucial point, with Mrs Yellen and Trump seemingly singing to the same chorus. With growth on the upward trajectory and inflation perhaps not causing the headache some Fed officials cited earlier in the year, the US is firing on almost all cylinders coming into year-end.
Alex Lydall quoted in The Guardian