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MUFG Secs Americas strategist John....>

US DATA REACT
US DATA REACT: MUFG Secs Americas strategist John Herrmann said on November jobs
report, that "talk about SOLID underlying economic momentum." He said that "if
Congress manages to pass tax reform and infrastructure spending, then there is
risk of +3.00% growth in real GDP in the pipeline in 2018-2019. After seasonal
adjustment, payrolls at +228K mom still bested the consensus estimate of +195K
mom and our stronger forecast of +207.5K mom."
- He added the "FOMC - led by either Yellen or Powell - should be extremely
pleased by the November Jobs report - also, as it showed that the September
Hurricane landfalls had a modest impact upon payrolls - with private payrolls
being revised UPWARD to +50.0K mom for September (previously -40K mom)."

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