With Interest Rates Unchanged, Eyes Shift Toward Jackson Hole FOMC Meeting

On the surface, the US economy continued to hum along in July, with the Advance Estimate of Q2 GDP coming in at a +6.5% annualized rate. Q1 GDP was revised lower, to +6.3% from +6.4%. Under the surface, economic data as a whole has been missing expectations for months. The Citi US Economic...