Looking to the West

Looking to the West

Good Morning,

It’s been an eventful week across the Atlantic following Trump’s decision to pull one out of the Nixonian playbook and fire FBI Director, James Comey — and if he can go after the FBI, what’s to stop him from going after the Fed? Bearing this in mind, let’s touch base with the US economic outlook.

Last week’s United States ISM and employment prints confirm that the earlier downside surprises in Q1 GDP and March payrolls probably don’t mean much in the grand scheme of things. The paltry Q1 GDP increase of just 0.7% will likely be revised higher, but even if this happens we still see a strong rebound in Q2.

Download a FULL PDF version of the Weekly Note:

GM360 Note – 12th May 2017

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Categories: Daily Note

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