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How tariffs and trade-war talk may have inflated U.S. economy (GDP) in the spring

From marketwatch.com

Go figure: The threat of an all-out trade war with China probably gave a jolt of adrenaline to an already jacked-up U.S. economy in the spring. Just don’t expect it to last. The economy likely expanded at a 4.3% annual pace in the second quarter, more than doubling the 2% rate of growth in the first three months of the year, according to the MarketWatch forecast. The report will be issued on Friday morning. Some Wall Street pros even forecast a 5% handle or higher in what could be the best performance for the economy since the U.S. exited recession nine years ago. Perversely, White House tariffs on foreign goods and ... (full story)

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  • Category: Fundamental Analysis