Will the second quarter US GDP top the Trump’s 4% target to double the first quarter growth? The one and a half trillion US Dollar tax cut that was approved by Congress in December failed to spur growth in the year’s opening quarter and economy expanded by a downwardly revised 2%. Consumer spending picked up pace in the June quarter and most analysts are looking for a strong reading in this Friday’s release. Could the strong growth numbers send the Euro/Dollar pair back towards the 1 15 level? Let’s try to figure it out.
Will the second quarter US GDP top the Trump’s 4% target to double the first quarter growth?
The one and a half trillion US Dollar tax cut that was approved by Congress in December failed to spur growth in the year’s opening quarter and economy expanded by a downwardly revised 2%. Consumer spending picked up pace in the June quarter and most analysts are looking for a strong reading in this Friday’s release.
Could the strong growth numbers send the Euro/Dollar pair back towards the 1 15 level? Let’s try to figure it out.
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