Let's get more on that burst of positive economic news out this morning. Refllies inflation adjusted GDP for the second quarter came in at a healthy 3.8%. That was stronger than the 3.3% figure that was previously reported.And meanwhile, in a sign of strength for the labor market, initial jobless claims edged lower to 218,000 and July existing home sales, which just crossed ticked higher to just over 4 million. So, how does the US economy keep chugging along amid what seems like a drum beat of dire predicti ...

Monetary Policy - Mexico's central bank maintained a slower pace of monetary easing by cutting its benchmark interest rate by a quarter point [1] Economic Conditions - Economic growth in Mexico remains sluggish [1] - Trade tensions with the US persist [1]

The U.S. economy expanded at a much faster pace than initially estimated last quarter, according to new Commerce Department data released Thursday. Gross domestic product grew at a 3.8% annual rate in the April–June period, topping both the government’s previous 3.3% estimate and the initial 3% reading. It was the strongest showing since the fall of 2023, underscoring the economy’s resilience despite high borrowing costs and persistent inflation. It comes amid a flurry of revisions of major economic dat ...

🇺🇸 UPDATE: US economy surges, marking its strongest growth in almost two years on consumer spending. https://t.co/rzioIOlxzP ...

The US government is doing everything they can to stimulate growth in America.They are deregulating, creating economic incentives, and making investments in companies. https://t.co/F33JWWEbJs ...

Economic Growth - Q2 GDP revised higher to 38%, representing the fastest economic growth in 2 years [1] - Economy is holding up better than expected [1] Labor Market - Initial & continuous jobless claims lower than expected [1] Housing Market - Home sales higher than expected [1] Inflation - Core PCE marginally higher [1] Market Sentiment - Risk is down [1] Interest Rates - Rates are up [1]

Core Insights - The labor market remains resilient, leading to increased Treasury yields and a shift in expectations regarding Federal Reserve interest rate cuts [1][2][6] Economic Data Impact - Weekly jobless claims were lower than expected, and quarterly economic growth exceeded forecasts, contributing to a rise in short-maturity rates [2][3] - The two-year yield increased by approximately 3 basis points to 3.67%, marking the highest level since early September [2] Market Sentiment - Traders have slightly reduced their expectations for interest rate cuts by the Federal Reserve, moving away from fully pricing in a quarter-point cut in late October [3][6] - Despite the current economic data not supporting further rate cuts, some analysts still anticipate cuts in October and December due to a weakening labor market [4] Treasury Yield Movements - The 10-year note yield rose by 3 basis points to 4.17%, while the 30-year yield was around 4.75%, resulting in a flatter Treasury curve [5] - The yield gap between five and 30 years fell below 1 percentage point for the first time since August 11, indicating market skepticism about the Fed's ability to implement a series of rate cuts [5] Future Rate Expectations - Analysts suggest that without significantly weaker economic data, it is unlikely for 10-year yields to drop below 4% in the near term, with rates expected to fluctuate within the 4% to 4.25% range [7]

The assumption was that consumer spending had softened considerably due to angst and uncertainty stemming from the trade wars. Now it appears that Americans mostly went about their business as usual. ...

The US economy grew in the second quarter at the fastest pace in nearly two years as the government revised up its previous estimate of consumer spending. https://t.co/JnZVMxXRLh ...

Brazil’s central bank said economic growth will slow through the rest of this year and all throughout 2026 as interest rates at nearly a two-decade high start to grind on activity https://t.co/qsmO4KEyNf ...