Insights

Economic Overview  

The economy is growing at a remarkable pace.  Second quarter GDP increased 4.2% and the 3rd quarter may also exceed 4.0%.  It seems likely 4th quarter GDP will be between 3.0% and 3.5%.  Up to this point, the Fed seems to have gotten both.

Trade Issues Take Center Stage

The Fed concluded its scheduled two-day meeting on June 13th and the new Fed Chairman announced a 2nd rate hike that was widely expected.  The U.S. economy slowed slightly in the 1st quarter but is accelerating once again.  Inflation remains.

Volatility is Back

The Fed concluded its scheduled two-day meeting on March 21^st and the new Fed Chairman announced a rate hike that was widely expected. The U.S. economy appears to have slowed slightly in the 1^st quarter which happens frequently. Inflation remains.