HASSETT: "Prices have been falling month after month, and CPI has surprised on the downside five months in a row… Think about this blockbuster GDP release with massive income growth… Everything the President says about how to Make America Great Again is proven true in the data."
Trump: The growth figures came in better than expected. Powell should lower rates immediately. There is no Inflation! Let people buy homes and restructure their loans!
The U.S. Q2 core PCE price index (annualized QoQ, preliminary) came in at 2.5%, versus 2.3% expected and 3.5% prior. The U.S. Q2 real GDP (annualized QoQ, preliminary) was 3%, compared to 2.4% expected and -0.5% prior.
Active US housings listings grew roughly 29% year-over-year in June, with homes lingering on the market for an average of 53 days, a 15th straight month of slower sales.
I think rates will remain unchanged, but more than just the rates, I'd rather watch and listen to Powell's speech! That will set the market in its true direction. Of course, if the dollar continues to weaken, cryptocurrencies will hit new highs; otherwise, we'll see a bit of a
The diagnosis makes sense, but the treatment is politically hard. Can a government realistically cut spending to 35% of GDP without major social fallout? Curious what alternatives people see.
Business leaders will face off in a public forum against a government that has no intention of reducing its expenditure or improving industrial productivity.
The German cabinet approved on Wednesday a 2026 draft budget featuring record investment of 126.7 billion euros ($146.41 billion) alongside borrowing of 174.3 billion as the country aims to bolster infrastructure and defence.