Three reports released on Friday were good news for everyone involved in the U.S. economy, except for forecasters who once again underestimated its strength.

Rich Wall Street investors holding Puerto Rican bonds are going to take a big hit in the settlement of that nation’s bankruptcy.

 

Despite being targeted by activists for destruction, it’s Chick-fil-A that now has the reason to crow: It’s poised to leapfrog a few major competitors to become our nation’s number-three fast-food chain in terms of sales, remaining behind only McDonald’s and Starbucks.

A nonpartisan trade group representing farmers, ranchers, manufacturers, and various labor groups reported on Tuesday that, according to its economic model, Trump’s tariffs on steel “are creating US jobs and stimulating growth,” the opposite of what many mainstream economists predicted. Those new jobs might just be needed if President Trump fails in getting China to change its behavior.

Charles Evans of the Fed’s Federal Open Market Committee says interest rates are too low and need to go higher.

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