The U.S. Economy Is Stronger Than Expected. That Could Keep Interest Rates Higher for Longer
Quick Read
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S&P Global’s composite PMI climbed to 53.6 in July, its highest reading in eight months, signaling roughly 2% annualized GDP growth in Q3.
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Rising input costs, supply chain disruptions, and the fastest selling-price increases in years give the Fed little reason to cut rates before 2027.