MORE good economic news forcasted (Obama, economy, federal, New York)

[texan2yankee]

https://www.reuters.com/article/us-u...-idUSKBN1E9292

NEW YORK (Reuters) - The New York Federal Reserve on Friday raised its estimate of U.S. gross domestic product growth for the fourth quarter of 2017 closer to 4 percent, based on revisions of prior data that suggested stronger economic activities.

The regional central bank’s “Nowcast” model calculated the economy was expanding at an annualized pace of 3.98 percent in the fourth quarter, quicker than the 3.92 percent rate calculated a week ago.


this is great news for all americans. a rising tide lifts all boats.

[greywar]

Originally Posted by texan2yankee

this is great news for all americans. a rising tide lifts all boats.

Actual data indicates that is not really true. The vast majority of that goes to the top 1%.

But still good to hear. the best quarter Obama had was 3.76%