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Title : How Huge Was The Trump Tax Cut? Remember, It Kicks In This Year -- Withholding Cuts Begin Today -- GDP Forecast To Double -- From 2.6% To 5.4%
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How Huge Was The Trump Tax Cut? Remember, It Kicks In This Year -- Withholding Cuts Begin Today -- GDP Forecast To Double -- From 2.6% To 5.4%

GDP Now, link:

Latest forecast: 5.4 percent — February 1, 2018 --

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2017 is 5.4 percent on February 1, up from 4.2 percent on January 29.

The forecast of real consumer spending growth increased from 3.1 percent to 4.0 percent after this morning's Manufacturing ISM Report On Business from the Institute for Supply Management, while the forecast of real private fixed-investment growth increased from 5.2 percent to 9.2 percent after the ISM report and this morning's construction spending release from the U.S. Census Bureau. The model's estimate of the dynamic factor for January—normalized to have mean 0 and standard deviation 1 and used to forecast the yet-to-be released monthly GDP source data—increased from 0.42 to 1.37 after the ISM report.

Remember, a lot of folks will be receiving their $1,000-bonuses this month and many more will be seeing wage increases.

On another note: Rush Limbaugh? A national treasure. And apparently a lot of people agree, based on the news that came out today.

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How Huge Was The Trump Tax Cut? Remember, It Kicks In This Year -- Withholding Cuts Begin Today -- GDP Forecast To Double -- From 2.6% To 5.4%

How Huge Was The Trump Tax Cut? Remember, It Kicks In This Year -- Withholding Cuts Begin Today -- GDP Forecast To Double -- From 2.6% To 5.4%

Thus Article How Huge Was The Trump Tax Cut? Remember, It Kicks In This Year -- Withholding Cuts Begin Today -- GDP Forecast To Double -- From 2.6% To 5.4%

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How Huge Was The Trump Tax Cut? Remember, It Kicks In This Year -- Withholding Cuts Begin Today -- GDP Forecast To Double -- From 2.6% To 5.4%

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How Huge Was The Trump Tax Cut? Remember, It Kicks In This Year -- Withholding Cuts Begin Today -- GDP Forecast To Double -- From 2.6% To 5.4%

Thus Article How Huge Was The Trump Tax Cut? Remember, It Kicks In This Year -- Withholding Cuts Begin Today -- GDP Forecast To Double -- From 2.6% To 5.4%

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