The Economic Train 🚂 Is Picking Up Americans and Steam As It Continues To Roll Along………

Folks once again I am updating the fact that the Economic Train 🚂 is continuing to pick up Americans and steam as it continues to run over the Left, Rhinos, Democrats, CoC, Big Club, Barry etc. The Atlanta Federal Reserve just came out with their revised 3rd Quarter forecast. It went up from 2.5% on October 6th to 2.7% today.

From the article linked above:

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is 2.7 percent on October 13, up from 2.5 percent on October 6. The forecast of third-quarter real consumer spending growth increased from 2.2 percent to 2.5 percent after this morning’s retail sales report from the U.S. Census Bureau and this morning’s Consumer Price Index release from the U.S. Bureau of Labor Statistics.

From the article linked above:

In September, retail sales increased 1.6% last month, according to The Commerce Department. On an annual basis, retail sales have increased 4.4%. This makes September the best single month increase in retail sales since March 2015.

US retail sales have been under pressure for years, as consumers increasingly utilize online shopping in the Amazon age, yet retail sales posted their biggest gains in 2-1/2 years.

From the article linked above:

The Survey of Consumers, a closely-watched gauge of consumer sentiment, surged in October to the highest level since the beginning of 2004.

“The October gain was broadly shared, occurring among all age and income subgroups and across all partisan viewpoints,” said Richard Curtain, Chief Economist at the Survey of Consumers. “The data indicate a robust outlook for consumer spending that extends the current expansion to at least mid 2018, which would mark the 2nd longest expansion since the mid 1800’s.”


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