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Economic pulse: GDP growth, labor market stability, and government turbulence
Episode 103
Published 6 months, 3 weeks ago
Description
New GDP data shows economic growth, but labor market and political risks keep markets on edge.
Mindy Gudmundson, Institutional Portfolio Manager with RBC BlueBay’s US Fixed Income team, breaks down the latest economic data and key developments shaping markets.
- Second-quarter GDP revised to 3.8%, driven by strong consumer spending, while jobless claims fell, easing labor market concerns.
- This week’s labor market data will be critical in shaping expectations for Federal Reserve rate cuts.
- A potential government shutdown could delay key economic data releases but is unlikely to significantly impact the broader economy.