2024-07-02 15:30:00 ET
Summary
- Growth in the U.S. economy continues to come in above expectations, despite elevated interest rates, weakness in some major international economies, and a drawdown of consumer savings.
- Although real GDP growth slowed in the first quarter of this year, it’s looking increasingly as though policymakers have helped avoid a recession, all while bringing inflation closer to the Federal Reserve’s preferred 2% target.
- Consumer spending will likely continue to rise, probably in the same ballpark as the 2.2% increase in 2023.
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For further details see:
Beyond The Headlines: Navigating The Economic Landscape With A Long-Term Lens