US GDP beats estimates; Fed to cut anyway

26 July 2019

 

While the US has a historically low unemployment rate and strong GDP growth, bond yields suggest growth in the future will be less than what it is now. A rate cut is expected shortly as “insurance” against a softening external sector and the yield curve is flat or inverted depending on which measure one uses. However, quarterly US GDP figures have held up so far. The US Commerce Department has...

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