BLOOMBERG Bloomberg Real Yield July 14, 2024
Dominates in terms of the overall gdp number. Headline gdp growth is in line with what everyone expect it. Wage growth, Income Growth has been relatively strong. Government spending data, quite strong. There is some upside risk to the economy. The consumer side of things and the labor market side of things, but the manufacturing is under pressure. Pretty significant dislocation between the industrial economy and the consumer economy. It is the composition of the data here that is worrying the fed. Potential pockets of weakness. We do see a further deceleration in the u. S. Economy going forwar...