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US: Economic growth, inflation, expected to downshift in second half
As we start the second half of the year and as we approach next week’s release of the preliminary report on real GDP for the second quarter of the year, we continue to expect second-half economic growth as well as inflation to downshift compared to what we saw during the first half of this year. The ‘long and variable lags’ of monetary policy will continue to put a cap on economic growth as real interest rates, that is nominal interest rates minus inflation, continue to increase and continue to exert downward pressure on economic activity. Furthermore, this weaker economic growth will continue to help bring ... (full story)
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- Posted: Jul 19, 2024 12:15pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,704
