Brand new data released by the government shows impressive numbers for America’s economy.
The U.S. Commerce Department reports that the economy grew faster than expected in the second quarter as a resilient labor market supported consumer spending.
The report comes a day after the Federal Reserve hiked key interest rates by a quarter percentage point for the 11th time.
The much-anticipated interest rate hike now takes benchmark borrowing costs to their highest level in more than 22-years—and could once again send ripple effects across the economy.
Chris Versace, the Chief Investment Officer of Tematica Research joins Veronica Dudo to discuss.
#econpomy #wallstreet #spending #jobs #inflation
