Economists not as upbeat on growth as Trump:

Despite all the positive sentiment surrounding the reflation trade, there has been a recent pickup in concerns that fiscal stimulus expectations may be somewhat overdone. Much of the discussion has revolved around the growth headwinds from demographics and sluggish productivity trends, though there has also been some focus on the complications of corporate tax reform […]

Headline CPI in line, but core misses:

September headline CPI increased 0.3%, in line with consensus and better than August’s 0.2% level. Rose 1.5% y/y. Gasoline accounted for more than half this increase, rising 5.8% in September. Shelter also a large component of the rise, posting its largest increase since May on higher indexes for rent and owners’ equivalent rent. Food prices […]