Economy grows more than expected despite trade war concerns

And a number of my colleagues, we all tried to lay whatever traps we could to try to goad him and to giving any kind of clue about what it would take to cut interest rates at the Fed's next meeting, which, as you noted, is in September, and he just did not go for it. And so if you're cheering for rate cuts here, it's a little bit of a story to be careful what you wish for, because the sorts of things that may get the Fed to move would be weaker labor market data. It's being absorbed in the supply chain somewhere else, and they don't want to have a recession if the labor market slows in a sort of unexpected fashion.

Author: Geoff Bennett, Jackson Hudgins

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