GDP Grew by 2.3% in Q2

The government reported that the US grew in real terms by 2.3% in the second quarter. I had been expecting more although the number for Q1 was revised up to 0.6%. This report is probably more ammo for a Fed rate hike coming up soon. The odds for a December rate hike are now over 65%.

The government also revised all the GDP numbers for the past few years. It turns out that the economic expansion had been a little weaker than originally thought.

Posted by on July 30th, 2015 at 11:02 am

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