US GDP figures, more on the US and EU vs China, and social media’s comeuppance

1. US GDP growth comes in at 4.1% for Q2
While the headline number was real growth for the quarter at an annualized 4.1% rate, the big deal was the inflation number attached to the headline number. Given the rise in GDP and in disposable personal income, and the relatively decent overall savings rate, this report makes four rate hikes in 2018 more likely. But the inflation numbers were lower than in Q1. And that gives the Fed scope to let the economy run without accelerating its hike timetable.
...


As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.

Click here to join. Your readership is greatly appreciated!

Registered users can log in by entering details here or below.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More