🔮All-In Crystal Ball: Hot GDP Print in Q2🔥
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Episode Description
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Brief Summary
US economy shows stronger than expected Q2 growth with GDP predictions above three percent.
Key points
- US Economy Surges in Q2. The US economy grew stronger than expected in the second quarter, driven by trade and consumer strength.
- Hot GDP Predictions. Experts predict a hot GDP print for Q2, potentially above three percent.
Transcript
The US economy did grow at a much stronger than expected pace in the second quarter, powered by a turnaround in the trade balance and renewed consumer strength. What you're probably going to see in Q2 is a really hot GDP print. If I'm a betting man, which I am, I think the GDP print's going to come in above three. Not quite four, but above three. I said a couple weeks ago that I thought the GDP print was going to come in hot. I think everybody now is sort of where I am. I think it's going to be in the low to mid-3s. is going to be meaningfully greater than what people are expecting.
