Latest we gRoss domestic product data Economists were surprised To increase 2.4% in the second quarter of 2023;this is This was well above the 1.8% increase expected by economists, and 2% growth reported According to some information, in the first quarter new report from Bureau of Economic Analysis.
Economic growth was particularly strong. Companies continue to Invest inside the building and equipment This allows us to manufacture more goods and provide more services.This swell investment In operation was, To some extent, Driven by companies looking to take the lead of federal spending It's funneled into different parts of the U.S. economy.
The Control of Inflation Act, the CHIPs Act, and bipartisan infrastructure lawkey legislative achievements of the Biden administration; teeth lending Trust in business leaders. In a sense, their influence Federal Reserve rate hike cyclewhich makes borrowing costs higher for companies.
On the other hand, the U.S. Nominal GDP, the UN growth rateInflation-adjusted – continues to fall, indicating that inflation is on the rise. steady retreat.that Good news for Fed officials They have sought to bring down inflation without collapsing the economy.InitializationAccording to Fed staff, the latest forecast is I don't have any expectations anymore be recession In the United States.
The U.S. economy is likely to accelerate further in the remainder of 2023
Personal consumption and housing investment remain sluggish No. 2-Quarterly GDP Because it was higher than I expected.both of these Neil Dutta, head of brokerage Renaissance Macro Research, said it was inevitable that measures would be tightened in the second quarter.
Newly built home sales It was exciting in the first half This year's omen Future proliferation of housing investment.car sale is also increasing, As consumers see their own inflation;Adjusted wages rise thanks to A strong labor market and falling inflation.
