Activity expanded at a rate of 3. 2 . Although the number wasnt as strong as many expected or as had hoped, Consumer Spending which makes up the majority of the Economic Activity was strong. But even though the report was slightly below expectations Steve Liesman tells us why it may be enough to seal the deal for a possible rate hike in september. Reporter the government saying today there was more growth than it first reported in the First Quarter and less growth than the market expected in the second leading to a bit stronger growth in the first half overall. First quarter gdp revised up to 0. 6 was originally reported to be negative. The Second Quarter came in at 2. 3 for a decent but unspectacular bounceback. And there was more inflation than initially forecasted something that the Federal Reserve has been seeking. Many say the data is sufficient to seal the deal for september rate hike from the fed. I think they want to go but if they do go they are going to explain to the market
Activity, expanded at a rate of 3. 2 . Although the number wasnt as strong as many expected or as had hoped, consumer spending, which makes up the majority of the Economic Activity was strong. But even though the report was slightly below expectations, Steve Liesman tells us why it may be enough to seal the deal for a possible rate hike in september. Reporter the government saying today there was more growth than it first reported in the First Quarter and less growth than the market expected in the second leading to a bit stronger growth in the first half overall. First quarter gdp revised up to 0. 6 was originally reported to be negative. The Second Quarter came in at 2. 3 for a decent but unspectacular bounceback. And there was more inflation than initially forecasted, something that the Federal Reserve has been seeking. Many say the data is sufficient to seal the deal for september rate hike from the fed. I think they want to go but if they do go, they are going to explain to the ma
Activity expanded at a rate of 3. 2 . Although the number wasnt as strong as many expected or as had hoped, Consumer Spending which makes up the majority of the Economic Activity was strong. But even though the report was slightly below expectations Steve Liesman tells us why it may be enough to seal the deal for a possible rate hike in september. Reporter the government saying today there was more growth than it first reported in the First Quarter and less growth than the market expected in the second leading to a bit stronger growth in the first half overall. First quarter gdp revised up to 0. 6 was originally reported to be negative. The Second Quarter came in at 2. 3 for a decent but unspectacular bounceback. And there was more inflation than initially forecasted something that the Federal Reserve has been seeking. Many say the data is sufficient to seal the deal for september rate hike from the fed. I think they want to go but if they do go they are going to explain to the market
President trump will visit victims of Hurricane Harvey later today. Could an old shipwreck be to blame for the chemical cloud which affected hundreds of beach goers in east sussex . Tennis superstar Serena Williams has given birth to her first child. It is a baby girl. No name as yet. In sport world cup qualifier wins for scotland, england and Northern Ireland. Gordon strachans scotland side kept alive their hopes for russia 2018 with a 3 0 win in lithuania. And tomasz has the weather. Well, the weekend is looking a little mixed. A nice, bright day to day. Tomorrow, one for the sunday papers. A lot of grey cloud and some rain on the way as well, but not for everyone. Good morning. First, our main story Utility Companies could be charged by the hourfor digging up busy roads to carry out work on their infrastructure, under plans being put forward by the government. Ministers hope the policy would force contractors in england to speed up repairs or carry out work at night, to reduce delay