GDP up 2.6% in the third quarter, despite record inflation

Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the third quarter of 2022, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 0.6 percent. The GDP estimate released today is based on source data that are incomplete or subject to […]

Gross Domestic Product shrunk 0.9% in Second Quarter 2022 

WASHINGTON, D.C., July 28, 2022 — Today the Department of Commerce’s Bureau of Economic Analysis (BEA) announced real gross domestic product (GDP) decreased at an annual rate of 0.9 percent in the second quarter of 2022. In the first quarter, real GDP decreased 1.6 percent. Treasury Secretary Janet Yellen in a recent appearance on NBC’s Meet […]

U.S. bond yields surge as financial markets tumble, inflation jumps

All major indexes – Dow Jones Industrial Average, S&P 500, and the Nasdaq Composite – tumbled today, raising concerns of a looming recession following last week’s reports from the U.S. Bureau of Labor Statistics of a 40-year high 8.6% consumer inflation rate and a 3.0% decline in real earnings for the month of May. According to […]