The U.S. economy was stable in the third quarter of 2017, with the hurricanes that devastated the Gulf Coast impacting further growth. The Fed has planned an October start for shrinking its $4 trillion portfolio. The target range for the federal funds rate remained at 1.00%-1.25% but may see another hike within the next two quarters. The unemployment rate was below 5.0% for the seventh straight quarter.
In the Seattle-Tacoma-Bellevue Metropolitan Statistical Area, the unemployment rate decreased 50 basis points (bps) year-overyear with the addition of nearly 45,000 jobs. The tech industry remains a key driver on employment.
Source : Cushman & Wakefield