U.S. GDP growth slows to 2.1% in the 2nd quarter

Data: Bureau of Economic Analysis The U.S. economy grew at a 2.1% annualized rate in the second quarter. =It’s a significant slowdown from the first quarter’s 3.1% growth rate, but still better than the 1.9% economists had expected. Once again, strong consumer spending offset the sharp decline in business investment and trade’s drag on growth. … Read more U.S. GDP growth slows to 2.1% in the 2nd quarter

World Economic Outlook – July 2019

Still Sluggish Global Growth Global growth remains subdued. Since the April World Economic Outlook (WEO) report, the United States further increased tariffs on certain Chinese imports and China retaliated by raising tariffs on a subset of US imports. Additional escalation was averted following the June G20 summit. Global technology supply chains were threatened by the … Read more World Economic Outlook – July 2019

Fed opens the door to potential rate cuts later this year

The Federal Reserve kept interest rates on hold on Wednesday (June 19), but signaled that rate cuts could be coming down the road. It removed the key word “patient” from its policy statement, while noting that “uncertainties” about its previously rosy economic outlook have increased. This marks a significant shift in tone for the central … Read more Fed opens the door to potential rate cuts later this year