Second-Region Monetary Increase Now Visible Doubling Tempo Of First Region

Economic growth is expected to be double the first quarter’s pace when second quarter GDP data is released Friday morning.
Ripley expects 2.5 percent growth for the second quarter and a pace of 2.5 to 2.75 percent for the full year.
“Other data expected Friday includes the second quarter employment cost index at 8:30 a.m. and consumer sentiment at 10 a.m.
The June durable goods orders showed a surprise jump of 6.5 percent from the month earlier, the best pace in almost three years.
Second quarter GDP is reported at 8:30 a.m. Friday, and will be revised two more times including with fresh consumer spending data, expected Monday.

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