U.S. Economy: Growing Signs of Decoupling from Washington

The U.S. economy remains on a steady and gradual growth trajectory, and appears to be decoupling from Washington’s politics. The combination of steady job growth and low inflation are contributing to the strength of the equity market. The Fed is conducting itself predictably with a data-based gradual and cautious interest rate normalization strategy. Both the business community and consumers have lost their taste for bubbles, preferring stability and predictability in their decision-making.