Daily Archives: Jul 23, 2019 at 07:01 am EDT

US Growth On Track To Slow In This Week’s Q2 Report

The government’s preliminary estimate of gross domestic product for the second quarter, scheduled for release on Friday (July 26), is expected to reveal a substantial downshift in US economic growth, based on a set of nowcasts compiled by The Capital Spectator. Although output will be strong enough to skirt a recession through the end of June, the downshift comes at a time of rising concern that the economy’s forward momentum will continue to decelerate in this year’s second half.

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Macro Briefing | 23 July 2019

Trump and Congress agree on deal to raise debt, spending caps: Reuters
Bigger deficits look set to be legacy of Trump era: Politico
Trump administration considers ending food stamps for 3 million: Bloomberg
Presidential hopeful Elizabeth Warren predicts “economic crash”: Medium
Does Warren’s dire forecast pass the smell test?: CNBC
UK set to select new prime minister today: BBC
S. Korean fighter jets fired warning shots at Russian military aircraft: CNN
N. Korea’s Kim inspects new submarine that may carry missiles: NY Times
US economic growth remained subdued in June: Chicago Fed