Friday's GDP Number: What Does It Mean For Interest Rates
Second quarter GDP came in at 4.1% Friday, exceeding economists 4% expected rate. So what does that mean for the Fed and interest rates going forward? Watch to find out!
Gross domestic product rose at an annualized rate of 4.1%, accelerating from last quarter's 2.2% clip, the U.S. Bureau of Economic Analysis said in a statement. The mark exceeded the 4% growth rate expected by economists.
And while tons of people were excited, it brings up concern about the Federal Reserve and how it will affect their next interest rate moves.
So we called in some pros --- and went outside -- to talk about it.
We got Michael Hans, managing director and CIO of Clarfeld Financial Advisors Steve Chiavarone, VP and portfolio manager at Federated Investors, outside of the NYSE. So watch now!
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