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BLOOMBERG Bloomberg Real Yield July 14, 2024

Dominates in terms of the overall gdp number. Headline gdp growth is in line with what everyone expect it. Wage growth, Income Growth has been relatively strong. Government spending data, quite strong. There is some upside risk to the economy. The consumer side of things and the labor market side of things, but the manufacturing is under pressure. Pretty significant dislocation between the industrial economy and the consumer economy. It is the composition of the data here that is worrying the fed. Potential pockets of weakness. We do see a further deceleration in the u. S. Economy going forward. Ultimately, we are moving back towards a lousy trend. Jonathan joining me around the table here to discuss in new york marilyn watson, bob michele , of jpmorgan, and george bory. Of wells fargo. Maryland, lets again with you. You know how this works. You pick your bias, look at your data, and confirm the price. There is something in this fo ....

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