Friday, July 28, 2017

Good GDP report?

The first GDP number is due today. Estimates range from 2.2 to 2.7, mostly. Thus the calendar year GDP growth is tracking above 2%, so far so good.

Next up, taxes and debt limit.

And the board says:

In the latest double negative whammy for the economy, not only did Q2 GDP print fractionally less than expected, at 2.6% vs consensus expectations of 2.7%, but Q1 GDP of 1.4% was also revised slightly lower, from 1.4% to 1.2%, while the Fed's favorite inflationary metric, core PCE, tumbled from a downward revised 1.8% to 0.9%.

So yearly gdp tracks just under 2% 

No comments: