The economy got a jolt of adrenaline in the spring from the biggest increase in household spending in a year and a half, but falling business investment kept a lid on second-quarter growth and signaled potential trouble ahead. GDP grew at a 2.1% annual pace vs. 3.1% in the first quarter.
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GDP slows to 2.1% in second-quarter but beats expectationsGrowth decelerated in the second quarter, but not by as much as Wall Street thought, as tariffs and a global slowdown weighed on the U.S. economy, the Commerce Department reported Friday.
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Steady GDP Report Could Alter Bets on Several Rate CutsFriday’s report on second-quarter economic activity could challenge investor projections for several rate cuts this year, a potential hurdle for the market rally.
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The economy won’t get a great grade for the 2nd quarter, but GDP to show bright spotsThe U.S. economy is likely to show a slower pace of growth for the spring, but the details will also show second quarter GDP was better than it looked. Just...
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US futures higher as traders look ahead to GDP dataU.S. stock index futures moved higher on Friday morning as traders digested corporate earnings, looked ahead to fresh data and weighed the possibility of a less dovish tone from the Federal Reserve next week.
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US Treasury yields rise ahead of GDP dataU.S. government debt yields rose Friday morning, as traders looked ahead to fresh data and weighed the possibility of a less dovish tone from the Federal Reserve next week.
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Yield curves help predict economic growth across the rich worldIn America, recessions typically follow after the yield curve has inverted. The relationship seems murkier in other countries but it is tangible
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