GDP Beats Expectations in the Second Quarter, While June Home Sales Decline
July 26, 2024
July 26, 2024
WASHINGTON, July 26 -- Fannie Mae issued the following news release:
Key Takeaways:
GDP grew at a faster rate than both consensus and our expectations, suggesting the economy remains stronger than previously thought. This report presents some upside risk to our growth forecast for the rest of 2024 given that personal consumption growth picked up toward the end of the second quarter, which will benefit the third quarter estimate. Still, real disposable incomes grew at a . . .
Key Takeaways:
GDP grew at a faster rate than both consensus and our expectations, suggesting the economy remains stronger than previously thought. This report presents some upside risk to our growth forecast for the rest of 2024 given that personal consumption growth picked up toward the end of the second quarter, which will benefit the third quarter estimate. Still, real disposable incomes grew at a . . .