Capital Economics: US GDP Expected To Rise; But Japan, EU Stocks Are Better BetsMark Melin
With US durable goods orders up 4.8% in October, nearly tripling the expected 1.5% rise, talk of inflation on the horizon begins to become more relevant. Add to this November 23 analysis from Capital Economics that raises US GDP growth, inflation and interest rate targets for 2017 – and says President-elect Donald Trump’s fiscal stimulus won’t matter much to equities – and the bumpy picture for 2017 comes into focus.
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