Year-over-year core inflation (PCE, if that means anything to you) is now back below 2.0%, which would make it hard to justify any increases in interest rate targets by the federal reserve.
Same-store sales are 4.2% higher than last year. This is not adjusted for inflation, but is consistent with economic growth staying above 4%.
The MSM will ignore it.......................
Just wait until the July numbers come in.....
Everywhere I go I see smiles instead of frowns. You decide.
A better economy generally improves consumer cash which improves spending.
Obama, and his fellow liberals, didn’t know what drives an economy.
It is not at all uncommon for quarterly GDP figures to be revised up or down as more information is gained. Whether this causes an upward adjustment depends on whether it was factored into the GDP projection to begin with.
Happy to see some comments, but does anyone know an answer?
How much .gov debt was added, and has that been accounted for in the GDP?
If not, what is the growth after you subtract out the increased debt?
Not real confident the GDP numbers are real. Not that Trump is using any different accounting tricks than before, but it doesn’t make it right to say that the .gov sent 1.2 trillion more and then use that debt to say the economy expanded.
Probably. The numbers across the board are coming in so good that you almost can’t revise upward fast enough.
I’m here in PHX and on every single block there is construction and towers. In my town, we’re getting 250 people a month moving in.
The REAL question is: How soon will The Fed decide that things are "too good" and step in with a massive rate increase? - October surprise?