According to the Atlanta Fed, the GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is 2.2 percent on September 15, down from 3.0 percent on September 8.
US Industrial Production fell -0.9% MoM in August, the worst decline since May 2009 during The Great Recession. The Federal Reserve blamed the decline on Hurricane Harvey.
The Federal Reserve has been jawboning their intent to unwind their almost $4.5 trillion balance sheet, nearly all of which is either Treasurys or mortgage-backed securities.
While Venezuela has an inflation rate of over 2,000%, the US has an inflation rate of 0.4% for August 2017 (and 1.9% YoY).
Yes, the US economy like Europe and Japan are suffering from chronically low rates of inflation (unless you count things like home prices,. rent, college tuition, healthcare, etc). But not Venezuela!
Mortgage applications increased 9.9 percent from one week earlier, according to data from the Mortgage Bankers Association
Volatility for the 10 year Treasury note (TYVIX) has been suppressed since The Fed hammered down on vol starting in late 2008.
According to Sentier Research, Median Household Income for May 2017 rose to $59,345. This figure exceed the previous highs of 2002 and 2008.
Sadly, Congress has absolutely no controls on the willing to spend money and promise entitlements to borrowers.
The US Federal Reserve, the European Central Bank (ECB) and Bank of Japan (BOJ) have all been hyper-active in recent decades. But the low-rate policies have not produced the same outcomes.