Posted on 07/25/2024 7:10:50 AM PDT by ChicagoConservative27
The U.S. economy grew at an annualized rate of 2.8 percent in the second quarter of 2024, according to new Commerce Department data released Thursday.
Economists had expected gross domestic product (GDP) to grow by 1.9 percent in the three-month period between April and June, closer to the 1.4 percent growth posted in the first quarter of the year.
The strong report comes as the Federal Reserve is set to meet next week to consider changing interest rates, which it has held steady since last July.
The central bank has kept rates at a two-decade high, as inflation has remained stubbornly above the Fed’s target of 2 percent.
Inflation has improved significantly since peaking at a 40-year high of 9.1 percent in June 2022. However, several higher-than-expected inflation readings in the first quarter delayed hopes of rate cuts.
(Excerpt) Read more at thehill.com ...
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If you believe this, I have a bridge I would like to sell you.
Headlines just in time for election season. Mark my words if Trump wins every headline you will see is recession, depression, trumpssion you name it.
If the inflation rate is underestimated (in this case, purposely), wouldn’t paying more for the same thing register as economic growth?
Liars.
Inflation has improved significantly since peaking at a 40-year high of 9.1 percent in June 2022.
That's June 2022, when Joe came into office. Remember when Joe claimed he inherited a 9% inflation rate when he came into office? D**n liar!
When you say 2.8% is "blowing past expectations," you really look desperate to make the economy look good. Besides, should the MSM really be using the word "blowing" as part of their propaganda now that Kamala is the Dem nominee?
Cars, housing, food, taxes. Young families are not entering the world of home ownership.
Tell that to my grocery bill.
I’m going to need some solid proof that Trump can win. The media doesn’t report what really happens and they constantly spin Trump as an awful human being. There are even fools on this forum who believe their mess. The media had the power, once given the order, to remove Joe Biden in about 3 weeks. Prior to that they had the ability to convince at least 48% of the population (probably more) that Joe Biden was running circles around everyone and was the only chance to save Democracy. I don’t think there are enough free thinkers to stop these people. Harris was farther to the left than Bernie Sanders but I don’t even think that matters anymore. If this were 2004 being that far to the left would be a drag. 20 Years later, who knows. Women will continue to vote based on emotion and the youth will continue to vote based on ignorance of how the system works. I’m not hearing much of a ballot harvesting strategy from the GOP. Hoping I’m way off but who knows.
When you pour two $trillion fiat dollars into the economy, it should produce at LEAST a 5% increase to GDP.
So this is an epic failure by the Puppet regime. The 2.8% will eventually be reduced to 1.1% which is an even bigger disaster. All those trillions wasted, and will have to be paid back with interest. Stagflation IS HERE!
Constant lies from our garbage, reptilian establishment.
“I’m going to need some solid proof that Trump can win.”
Or what?
Thanks to the billions of government spending. Isn’t that what this Ukraine war is all about?
Welcome back after a 6 year break, oh mouthpiece of despair. FOAD.
This is not rocket science. ALL the spending on illegals, both federally AND among states and localities INCREASES the GDP. This is NOT A GOOD THING.
Believe nothing the govt. feeds us.
Headline designed to be used in Democrat campaign material. The media allies know this.
Look a wiseprincess’ comment history. She is a revenant after a 6 year break and is only here to convince us it is hopeless. It is what leftist scum lurkers do.
keynesian economics
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