SFY - U.S. GDP Tops Expectations As Consumer Spending Flourishes
On the latest edition of Market Week in Review, Mark Eibel, director, client investment strategies, and Rob Cittadini, senior director, U.S. institutional, discussed second-quarter GDP (gross domestic product), global central-bank dovishness and Q2 earnings season.
U.S. economy still growing at solid pace
The U.S. logged a 2.1% GDP growth rate in the second quarter, Eibel said - slightly higher than consensus expectations of roughly 1.8%. "Simply put, the GDP number had a 2 in front of it - and that's a good thing for markets and the economy," he said. When added to the 3.1%