The government’s “advance” release of second-quarter GDP growth for the US is widely expected to post a substantial improvement over the subdued rise in Q1, based on several estimates compiled by The Capital Spectator. The debate is whether the Q2 report will mark a peak or a sign that a stronger macro trend will prevail.
Continue reading →

Explosion rocks area near US embassy in Beijing: Bloomberg
ISIS kills more than 200 in southern Syria attack: BBC
Iran president: country should “respond… with action” to Trump threats: The Hill
Trump announces pause in European Union trade tariffs: Politico
US stock market surges after Trump says trade war with EU averted: CNBC
US tax cut raising federal budget deficit faster than expected: NY Times
Sec. of State Pompeo spars with Senators over N. Korea, Russia policy: USA Today
New home sales in US fell 5.3% in June: MarketWatch
Policy sensitive 2-year Treasury yield edges up to 2.66%, a new 10-year high: