The final holiday gift was a report that consumer sentiment surged during the final 2 months of 2016.
‘Tis the season for another upward revision in Q3 GDP: What We Learned During the Week of December 19 – 23
July, August, and September were the best 3 months of U.S. economic growth in 2 years. But data also indicates the rate of economic growth slowed in November.
The Fed Bumps Up Short-Term Rates, Forecasts 3 Rate Hikes in 2017: What We Learned During the Week of December 12 – 16
For only the 2nd time in a decade, the Federal Reserve raised its short-term interest rate target. Meanwhile, both manufacturing output and retail sales were a bit soft during November.
