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Macro Briefing: 1 December 2017

Summary:
GOP tax bill stalls in Senate on deficit concerns: The HillWhite House expected to replace Secretary of State Tillerson: NY TimesDow Jones Industrials top 24,000 for first time: LA TimesUS consumer spending growth slows in Oct as inflation heats up: Bloomberg Personal income growth for US rises more than expected in Oct: RTTUS jobless claims slip for second week in a row: ReutersChicago PMI eases to three-month low in Nov: ISM-ChicagoIs Congress about to cut a tax rate that doesn’t need cutting? Yardeni Research

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GOP tax bill stalls in Senate on deficit concerns: The Hill
White House expected to replace Secretary of State Tillerson: NY Times
Dow Jones Industrials top 24,000 for first time: LA Times
US consumer spending growth slows in Oct as inflation heats up: Bloomberg 
Personal income growth for US rises more than expected in Oct: RTT
US jobless claims slip for second week in a row: Reuters
Chicago PMI eases to three-month low in Nov: ISM-Chicago
Is Congress about to cut a tax rate that doesn’t need cutting? Yardeni Research

Macro Briefing: 1 December 2017

James Picerno
James Picerno is a financial journalist who has been writing about finance and investment theory for more than twenty years. He writes for trade magazines read by financial professionals and financial advisers. Over the years, he’s written for the Wall Street Journal, Barron’s, Bloomberg Markets, Mutual Funds, Modern Maturity, Investment Advisor, Reuters, and his popular finance blog, The CapitalSpectator.

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