The US economy is pulling off something historic

https://www.cnn.com/2024/07/25/economy/us-economy-gdp-second-quarter

by sbgroup65

7 comments

  1. More on this subject from other reputable sources:

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    – Washington Post (B): [U.S. economy grew 2.8% in the second quarter, a robust strengthening](https://www.washingtonpost.com/business/2024/07/25/gdp-q2-economy/)
    – Seattle Times (B): [US economic growth increased last quarter to a healthy 2.8% annual rate](https://www.seattletimes.com/business/us-growth-likely-picked-up-last-quarter-after-a-sluggish-start-to-2024-reflecting-resilient-economy/)
    – NBC News (B): [U.S. economy grew at a 2.8% pace in the second quarter, much faster than expected ](https://www.cnbc.com/2024/07/25/us-gdp-q2-2024.html?__source=iosappshare%7ccom.tinyspeck.chatlyio.share)
    – PBS (A-): [U.S. economy shows strong 2.8 percent growth, driven by consumers and businesses](https://www.pbs.org/newshour/economy/u-s-economy-shows-strong-2-8-percent-growth-driven-by-consumers-and-businesses)

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  2. “The current health of the American economy shows that the Fed, with Jerome Powell at the helm as chair, has successfully handled inflation so far, with the finish line coming into clear view. The Fed beginning to cut interest rates indicates that central bank officials feel confident that inflation is under control just enough.”

    This is good news!

  4. The Feds eager to please Wall Street and big banks will cut rates as soon as they hit their inflation target only to see inflation rise again.

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