Despite a disappointing headline Q2 real GDP growth number (1.5%), the so-called “Core” real GDP, consumer spending and business investment, the pillars of the economy, accelerated sharply in Q2 as tech-related capex and a resilient consumer continued to drive U.S. economic growth.
In the latest 3 Things in Credit, KBRA’s Chief Markets Strategist Van Hesser connects the rebound in domestic demand with commentary from consumer bellwethers Visa and Capital One, while also examining planned methodological changes that could reshape reported personal consumption expenditures (PCE) inflation. Listen to Van Hesser’s insights on: Apple Podcasts | YouTube Music |
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