COLUMN-US immigration fillip shifts economy’s trajectory :Mike Dolan

With fears of a U.S. recession wiped away and financial markets bulled up on the growth trajectory again, an immigration fillip is playing a key role – and may even prove disinflationary to boot. Likely one of the hottest of hot button issues in this year's White House election, upward revisions to U.S. immigration estimates have economists and investors rethinking the economic and inflation outlooks yet again. Resulting higher growth forecasts and likely easing of labor supply bottlenecks speak to some of a potential holy grail for the economy.