Couple tics higher than the consensus of 1.7 but lackluster just the same. The Fed is in the drivers seat right now.
ADP calling for 125k private payroll jobs added for Oct. Generally a pretty loose correlation to the BLS report, but bears watching.
at least it is better than what we see in europe.
projected growth of 1.1% for the euro zone.
so, yes, the tax cuts are probably helping to give us better growth here in the u.s.a.
in europe you have a central bank that pushes more QE and lower rates. so that is not giving them better growth.
in europe you have more bureaucracy, more socialism, and higher taxes (in some countries). that will hurt growth.