Pinnacle Finance Blog

August 26, 2019

Economic Update – July/August 2019

Growth Slowed in Q2 and Q3 Looks Slower as Well… There certainly has been quite a bit of economic turbulence since our last update in the spring.  After strong first quarter GDP growth of 3.1% growth slowed in the second quarter to 2.1%, based on the first estimate from the Bureau of Economic Analysis.  The GDPNow estimate for third quarter growth from the Federal Reserve is 2.2%.  Economists’ estimates for Q3 growth range from 1.6% to 2.4%. Slowing Global Growth Leading to Lower Interest Rates… With growth slowing in the US combined with impact from the trade tariff fight with […]