I Hope the Fed Won’t See This: Red-Hot Consumer Spending Powers GDP Growth
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Revisions show the slowdown expected this year hit last year, and now is the rebound. If there’s ever a time for the Fed to not cutalready low interest rates, it’s now. Economic growth in the US for the second quarter once again exceeded consensus expectations, after blowing past them in the first … Read more