Economic Insights – November 2017

Real U.S. GDP grew at a 3.0 percent annualized rate in the third quarter.  That was the second straight quarterly reading at 3 percent or above.  It’s particularly impressive that the 3 percent growth happened despite of the two hurricanes that pushed some economic activity into the fourth quarter.  As a result, we’re projecting growth to exceed the 3.5 percent benchmark in the fourth quarter, which would be the first time we’ve had three straight quarters at or above 3 percent since before the financial crisis. 

Keep in mind that we a.....