Markets & Economy

The Economy: December 2017

THE ECONOMY: As of December 2017

A good December capped off a great year for stock markets. In fact, thanks to last month’s 1.11% rise, the S&P 500 actually provided positive performance for all 12 months of 2017! International and emerging markets were similarly consistent, with only one down month on the year for each. On the domestic policy front, President Trump signed sweeping tax legislation, which should boost corporate earnings in 2018. Also, the Federal Reserve raised the federal funds rate another quarter point to its new range between 1.25 – 1.50%