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DE | Periodically | Sinai-Husby Economic & Market Perspective: U.S. Economy Breaking Out and Up! More New Highs Coming! – 5/2/19
A surprisingly-strong Q1 GDP report (3.2% SAAR) suggests a sustained breakout for the U.S. economy on a real GDP basis after a recent soft patch.
Decision Economics, Inc. (DE) continues to expect strong above-trend real economic growth, price inflation continuing below a 2% Federal Reserve flexible inflation objective, a falling unemployment rate and solid growth in company sales and earnings. Consumer and business macroeconomic fundamentals remain quite supportive: 1) jobs and income for households; sales, profits and cash flow for business. Coupled with accommodative monetary policy and ongoing fiscal stimulus, consumers and business should be the main engine that drives continuing Prosperity for the U.S. economy.