U.S. Economy Upgraded One Day After Yield Curve Panic

Breitbart | 8/15/2019 | Staff
finter (Posted by) Level 4


Life moves pretty fast. And so does economic and financial news.

Just one day after the yield curve inverted, stoking fears that the U.S. economy could be approaching a recession, a huge batch of economic data sent economists scrambling to raise their forecasts for U.S. growth.

Data - Sales - Survey - Results - Manufacturing

The good data included better than expected retail sales, stronger than expected survey results on the manufacturing sector from the New York and Philadelphia Federal Reserve banks, and better than expected productivity gains. Industrial production numbers disappointed but much of that appeared to be due to Boeing’s problems.

The Atlanta Fed’s GDPNow moved its reading of third-quarter GDP from 1.9 percent to 2.2 percent. The CNBC Rapid Update,...
(Excerpt) Read more at: Breitbart
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I find it extremely funny when people keep voting and expecting the government to change!
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