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‘Goldilocks!’ Shouted The World’s Largest Economy
The US economy expanded at a much brisker pace than expected in the second quarter, the first read on Q2 GDP showed.
The 2.4% pace tipped by the advance estimate breezed past the 1.8% consensus which, frankly, should've been higher by Thursday in the US. This was a foregone conclusion.
Invariably, market participants will be subjected to the usual cacophony of skeptical voices explaining why the report wasn't "actually" strong or why this or that component suggests a US recession is in fact al
