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Final Q2 GDP Revision Spikes To 3.9% From 3.7% On Jump In Consumer Spending
zerohedge.com / by Tyler Durden / 09/25/2015 08:41
While the final Q2 GDP revision released moments ago by the Bureau of Economic Analysis is a largely meaningless number looking at the performance of the economy some 3 months ago, it will still set the momentum for today’s trade, and with its surging from a 3.7% first revision print to 3.9%, surpassing expectations of a 3.7% print, means that concerns (or perhaps hopes) for a rate hike are once again back on the table.
As the chart below shows, after printing a modest, and double-seasonally adjusted 0.6% in Q1 (originally this was negative), in the second quarter the economy is said to have grown at the fastest pace since Q3 of 2014 when the Fed was once again said to be on the verge of tightening.
The post Final Q2 GDP Revision Spikes To 3.9% From 3.7% On Jump In Consumer Spending appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/09/25/final-q2-gdp-revision-spikes-to-3-9-from-3-7-on-jump-in-consumer-spending-2/
