Horizon Portfolio Administration head Zachary Hill and SlateStone Wealth chief market strategist Kenny Polcari focus on how the market shall be impacted by the Federal Reserves determination to depart rates of interest unchanged on The Claman Countdown.
This story concerning the advance estimate of second-quarter GDP shall be up to date with additional particulars.
U.S. financial progress slowed unexpectedly within the second quarter of the yr, based on the Commerce Division’s advance estimate.
The Bureau of Financial Evaluation (BEA) on Thursday launched its advance estimate of second-quarter GDP, which confirmed the financial system grew at an annualized fee of 1.5% within the three-month interval together with April, Might and June. That determine was beneath the two.1% progress estimate of economists polled by LSEG.
A revised estimate of second quarter GDP is scheduled to be launched in late August, whereas the ultimate revision shall be revealed on the finish of September.
