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Consumption Jumps More Than Expected, GDP Holds Steady

August 18, 2023
in Trade Tube
Reading Time: 1 min read
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The final reading on gross domestic product hit 2.6% for the 2013 fourth quarter. MLV Co. managing director of investment banking Bryan Turley tells TheStreet’s Joe Deaux that the U.S. economy likely slowed in the first quarter this year, but he says it suggests underlying strength in the economy heading into the next quarter. Turley says his focus is mostly in Europe and China, where investors have placed concern of a looming slowdown. All eyes, though, remain on the Fed and unemployment.

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