Weekly Outlook #3
U.S. Economy Surges in Q2 2024: GDP Revised Up to 3.0% Economic growth picked up in Q2 2024 as GDP was revised up to 3.0% from 2.8%. This marks a significant improvement from the 1.4% growth recorded in the first quarter. The stronger-than-expected performance was largely driven by increases in consumer spending, private inventory investment, […]
Weekly Outlook
Fed’s Annual Jackson Hole Summit – Upcoming Rate Cuts “‘Inflation has declined significantly,’ Powell said. ‘The labor market is no longer overheated, and conditions are now less tight than those that prevailed before the pandemic. Supply constraints have normalized. And the balance of the risks to our two mandates has changed.’”Powell also emphasized that “the […]
