 | AUTHOR: Kerry Hilsabeck, CFP® TITLE: Investment Adviser Rep TAGS: Jobs, GDP, Yield Curve, Money Stock, S&P 500, Consumer Sentiment |
Markets reacted positively to the announcement of an expected rate hike by the Federal Reserve (FRB) but growth data drove them higher for the week. Durable Goods Orders jumped 4.7% (Jun) from 2% (May). GDP (Q2) exceeded expectations, increasing 2.4% compared to 1.8%. The data reflects 3 straight quarters above 2% growth.
Be sure to check out more of last week’s leading indicators here and stay tuned for Market Thoughts.
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