The optimism tracker for October from the National Federation of Independent Business rose to 103.8 from September’s 103. Economists expected 105. Four of the sub-gauges rose, five fell, and one was unchanged. The biggest moves up were "Now is a good time to expand" and "Expect real sales higher."
In an interview at The Wall Street Journal CEO Council gathering on Monday, Treasury Secretary Steven Mnuchin said the Trump administration wouldn’t support tax legislation with a corporate tax rate of more than 20% as part of any future compromise between the House and the Senate. Mnuchin also said he strongly supported President Trump’s decision to name Federal Reserve governor Jerome Powell to replace Fed Chairman Janet Yellen when her term expires next February. He said it would be “perfectly fine” if Yellen remained on the Fed’s seven-member board of governors. Yellen’s term as a governor doesn’t expire until 2024.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
