The Goldilocks analogy is arguably fitting in describing a US economy entering its eighth consecutive year of growth. A protracted recovery following the global financial crisis (GFC)
has seen the US economy go through the gears slowly, with GDP growth running neither too hot nor too cold. Core inflation is approaching the Federal Reserve (Fed) target of 2%, aided by tight labour market conditions and positive real wage growth. Under the new Trump administration, the policy framework in the US is gradually taking shape, and uncertainty remains high particularly around tax and trade. Nevertheless, business communities have thus far responded favourably to the new administration, with sentiment hitting new highs, and forward-looking surveys indicating rising hiring and investment intentions.
Source : AXA Real Estate