 "US’ 4.1% rise in GDP clears path for two more Federal rate hikes")
The US gross domestic product report for the second quarter will almost certainly cement the case for a September interest-rate increase by the Federal Reserve and keep a December hike in play even though there will be a tendency to dismiss the results due to a burst of soybean exports ahead of retaliatory tariffs imposed by China.
What’s important is that the 4.1 per cent rate of growth in the April through June period yields a 2.9 per cent average for the past four quarters, a number that likely better represents the underlying pace of economic expansion than quarterly
What’s important is that the 4.1 per cent rate of growth in the April through June period yields a 2.9 per cent average for the past four quarters, a number that likely better represents the underlying pace of economic expansion than quarterly
