This week we’re outlining how we see the global economy at present, along with its influence on US interest rates, credit, commodities, and equity markets. One of the topics we discuss in detail is the strong performance of US GDP in Q2, which in addition to upward revisions from 2014-2018 also showed newly-reported Q2 growth that was far stronger than analyst estimates. Smaller-than-expected headwinds from trade and inventory and a massive surge in consumer spending helped push growth above expectations despite weak investment. With the Fed set to join the global central bank easing party at its July meeting, it’s part of the reason to expect that the global backdrop is set to improve. Read more after signing up for a free trial below!
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