The trade war that appears to be escalating may bring headwinds in the second half of the year, but second-quarter US GDP growth remains on track to accelerate, based on several forecasts compiled by The Capital Spectator. The current median projection calls for real GDP growth in Q2 to rise 3.1% (seasonally adjusted annual rate) – a solid improvement over Q1’s modest 2.0% increase. The Bureau of Economic Analysis is scheduled to publish its initial GDP report for the second-quarter in two weeks (July 27).
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Trump: May is wrecking Brexit and US-UK trade deal is uncertain: The Sun
At NATO summit, Trump didn’t rule out ending military exercises: CNN
China’s trade surplus rose to record in June: Reuters
Annual US consumer inflation rate ticks up to 6-year high in July: MW
US jobless claims fell to 2-month low during July 4 holiday week: Bloomberg
Worldwide PC shipments increased in Q2 2018, first gain in years: C|NET
Will the Fed pull back from more rate hikes to avoid an inverted yield curve? MW
US 10yr-2yr Treasury yield curve sinks to new 11-year low — 25 basis points: