Yields Pare Gains Despite GDP Setback
Friday, July 30th, 2010Yields slumped after investors reacted with despair to a downturn in U.S. second quarter GDP.
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Yields Pare Gains Despite GDP Setback
US GDP Grows Weaker Than Expected 2.4% in 2nd Quarter
Friday, July 30th, 2010Today’s GDP data is another piece of data that underwhelmed, and adds to the string of releases casting a long shadow over the US recovery. It’s a good snapshot of where the economy is right now as it showed that consumer spending is adding less to growth, while business spending
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US GDP Grows Weaker Than Expected 2.4% in 2nd Quarter
U.S. Second-Quarter GDP Expanded at a 2.4% Annualized Pace According to Advanced Estimate
Friday, July 30th, 2010The first estimate of second-quarter 2010 GDP growth showed a 2.4% annualized gain, just short of expectations for a 2.6% annualized increase. Revisions to the data going back to 2007 showed a generally softer economic performance with 2007 growth at 1.9% (compared to 2.1%), 2008 flat (compared to previously reported
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U.S. Second-Quarter GDP Expanded at a 2.4% Annualized Pace According to Advanced Estimate
