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It was not fully clear whether he was referring to year-over-year growth, but the U.S. economy has grown at an average annual rate of 2.8% over the past five decades.

"The U.S.–India trade deal can be considered as a positive from macro and market standpoint. However, one should wait for the fine print for more clarity."

The imbalanced accord has prompted criticism in Europe, but numerous leaders defended it as a way to stabilize the relationship with the bloc's largest trading partner.

"Plan sponsors should brace for continued litigation, as plaintiffs seek to up-end longstanding assumptions about voluntary benefits and expand the scope of fiduciary liability."

"A couple [interest rate cuts] are priced in, but we could have four or five rather than two."

The added demand for cash could nudge borrowing costs up across the rest of corporate America.