Jason Schenker’s Post

GDP: US economy grows at faster-than-expected pace in second quarter as inflation eases https://yhoo.it/4deOF8i

GDP: US economy grows at faster-than-expected pace in second quarter as inflation eases https://yhoo.it/4deOF8i

The U.S. economy showed remarkable strength in 2024, with 3.1% GDP growth and improving inflation as the Fed made its pivotal shift to rate cuts. Read our latest Quarterly Market Review for expert analysis on what these developments mean for investors in 2025. https://lnkd.in/eS_BemgR

GDP: US economy grows at faster-than-expected pace in second quarter as inflation eases https://yhoo.it/4deOF8i

Goldman Sachs Research projects the US GDP to grow by 2.5% in 2025, surpassing the consensus estimate of 1.9%. Explore the 2025 Goldman Sachs US Outlook for detailed insights into their economists' predictions for another year of robust economic growth.

US GDP slowed to 1.6% vs 2.3% forecast. Core pce was much higher though (3.7% vs 3.4%) and the main reason was an almost 34% increase in the price of portfolio management. So slower GDP but higher inflation fueled by the rich individuals pushing up the price of investment advice.

The US economy grew at a strong 2.8% annualised rate in the second quarter, in a sign of consumer resilience as the Fed considers cutting interest rates in the coming months, surpassing economists’ expectation of 2% GDP growth between April and June and compares with a weak 1.4% expansion in the first quarter. (FT)

Tomorrow we will receive the first GDP reading for 2024: It also happens to mark the most volatile quarter in over a year with inflation on the rise and geopolitical tensions worsening. Prediction markets currently expect 2.7% GDP growth to be reported. There's a 42% chance of GDP coming in above 2.9% and 25% of GDP coming in above 3.3%. If we do in fact get a 2.7% GDP reading, it would mark the 7th STRAIGHT quarter of 2%+ expansion. Yet, so many Americans continue to complain about how "bad" the economy is. Why is there such a big disconnect between data and reality?

The S&P 500 recently reached an all-time high, buoyed by positive market sentiment. However, questions remain about the economy’s trajectory. 1Q24 GDP growth missed estimates at +1.6%. Is this a soft-landing economy? As we await the April consumer price index report, the inflation outlook remains uncertain. https://dadvdsn.co/3R6S2Wr

The US economy grew at a strong 2.8% annualised rate in the second quarter, in a sign of consumer resilience as the Fed considers cutting interest rates in the coming months, surpassing economists’ expectation of 2% GDP growth between April and June and compares with a weak 1.4% expansion in the first quarter. (FT)