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Mike Shedlock: BEA raises second-quarter U.S. GDP growth estimate to 2.2 percent

Mike Shedlock: BEA raises second-quarter U.S. GDP growth estimate to 2.2 percent
Second-quarter U.S. GDP revised higher

Mike Shedlock, author / blogger at MishTalk, reports that the Bureau of Economic Analysis has revised its estimate for second-quarter U.S. GDP growth upward by 0.7 percentage points, now reaching 2.2 percent.

According to Shedlock, this third estimate surpasses economists’ consensus expectations.

Shedlock recently pointed to a 0.4% rise in the August consumer price index, suggesting a likely September Fed interest rate hike in his earlier coverage. He also reported on a surge in long bond yields to a 22-year high driven by S&P PMI data and noted shortages, according to another recent article. These updates highlight Shedlock's continued focus on key U.S. economic metrics.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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