The Scary Number Hiding Behind Today’s GDP Party

To judge by gross domestic income, the U.S. economy appears much shakier
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Does GDP Growth Move the Fed Back to a September Hike?

The federal government today released two very different estimates of the U.S. economy’s growth rate in the second quarter. The one that got all the attention was the robust 3.7 percent annual rate of increase in gross domestic product. Not many people noticed that gross domestic income increased at an annual rate of just 0.6 percent.

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