Software, and other stuff

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:

Post a Comment