The U.S. economy grew faster than forecast during the second quarter driven by strong consumer spending and a rebound in corporate profits, both of which should continue to sustain economic growth. Gross Domestic Product increased at a revised rate as reported by the Commerce Department's Bureau of Economic Analysis. That was an upward revision from what was initially reported last month. Consumer spending increased which helped offset the deceleration in business investment, exports and private inventory investment. Spending is partly supported by wage gains, but momentum is slowing as the labor market shifts into lower gear.
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Robert G. Gilliland, CRPC™Managing Director and Senior Wealth Advisor
Robert’s professional journey seamlessly blends individual excellence with exceptional team-building skills. While earning his Bachelor’s degree in Finance from Stephen F. Austin State University, he financed his education by managing a restaurant franchise — a role that honed his abilities in time management, leadership, and financial oversight. At Merrill Lynch, Robert quickly distinguished himself through […]
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