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Members of D.A. Davidson & Co.

Split opinions on the Fed about the need for a rate cut

"The Atlanta Federal Reserve’s GDPNow measure currently estimates the economy grew 1.5% in the second quarter. Although this headline number is disappointing, note that the current estimate of final sales to private domestic purchasers is a healthier 3%. The Fed will be more concern about the health of the underlying domestic economic and the business investment numbers than the headline number."


(Still Looks Like 25bp dated 07/15/2019 by Timothy A. Duy, Senior Director with Oregon Economic Forum & Professor of Practice with Department of Economics at University of Oregon)


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