Industrial activity has stalled, and the Fed appears ready to cut rates. But the manufacturing slowdown will likely prove transitory, and a rate cut could push the economy closer to operating at its true potential.
What GDP Data Really Shows This week's main event is the Friday release of second-quarter GDP data. While this news will certainly garner many reactions, GDP doesn't reveal much unless you know the underlying growth potential. Other measurements—such as jobless claims and the unemployment rate—can help paint a clearer picture of the economy. LISTEN AND SUBSCRIBE
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Your Market News update for May 30, 2019 | View online Market News News that's moving the market now As Trade-War Worries Linger, Market Seems to Lack Buying Conviction May 30, 2019 8:40 AM | JJ Kinahan 6 min read | Daily Market Update