The US economy appears very healthy. Unemployment is down to historically low levels and we are finally seeing some wage inflation.
This is helpful because consumer spending drives 70% of the economy. Politically, the environment of less regulation is positive for corporations, and the recently passed tax reforms will boost profits...
'Following the letter, but not the spirit, of the rules'
Tech giant still stands out
Reduces chances of rate hike
Designed to park short-term cash