Is the economy slowing to a recession or soft landing?

US GDP (gross domestic product) for 2024's second quarter was revised for a second time, the US Bureau of Economic Analysis raising the print from 2.8% to 3%. While the data may be a tailwind for the Federal Reserve, does the data signal headwinds for the other segments of the economy?
Citi senior global economist Robert Sockin joins Morning Brief to give insight into the US economy's growth.
"One thing that you see in these data, and you've seen that continue into the third quarter, is the consumer still looks to be holding up pretty well. You saw solid consumer spending in the first half, and we've had two strong months of retail sales in recent months," Sockin says. "And so right now, you're getting wobbles in the labor market. That's the biggest concern, but so far, the consumer does not seem to be rolling over."
Taking into consideration the wide array of economic data, Sockin finds economic risks to have "shifted more to the downside. But to me, the data still feel more like a soft landing. You're still seeing decent consumer confidence, that picked up in recent data, decent consumer spending... There's some question about how much of the labor market is loosening, but so far you're not really getting those layoffs."
#news #stockmarket #youtube
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: / yahoofinance
Instagram: www.instagram....
TikTok: www.tiktok.com...
Facebook: / yahoofinance
LinkedIn: / yahoo-finance

[@Millerj2450]

Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.

[@Fred-w7t]

Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&p but it’s hard to bite the bullet and do it.

[@SarahBrown-h7n]

I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.

[@WillFred-g7g]

I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?

[@SarahBrown-h7n]

Her name is. 'Jessica Lee Horst’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@Lucas-t5w4n]

I just googled her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.

[@TerryLawrenceWood]

AWS15K is still extremely undervalued

[@NiteshSahani-hl5eo]

AWS's journey will be exciting!

[@user-wq2yd2wj2g]

Looking forward to AWS's growth!

[@kashishlal8387]

AWS is a solid investment!

[@k.sriram5858]

Excited for AWS's potential gains ahead! 🚀

[@MayaDavi-yi7ln]

wait! 🚀

[@BrunoMota90]

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

[@MayHuang3]

Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.

[@MayelaMurillo8]

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst

[@ReinJulieanne]

Could you possibly recommend a CFA you've consulted with?

[@MayelaMurillo8]

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

[@ReinJulieanne]

Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.

[@RaymondTaylor-z9RaymondTaylor]

Bought AWS15K after watching your video, super excited! 💰

[@user-ii1jw3gf6t]

lets PUMP this to the sky guys!!

[@user-vm8zt8wm4v]

undervalued project

[@KrishnaRavidas-yk2sq]

When the world knows this, we already x50 🚀

[@HematnaBhatra-qd1ze]

my portfolio: BTC, ETH and AWS

[@bishnuphangcho4415]

Coinbase, OKX and Binance will list AWS very soon. We do not have much time left

[@ericjeremygonzalez681]

Just watched your video discussing AWS15K and I am very excited about this

[@user-gd3fe6lj4g]

my friends told me to buy this

[@jamnasuresh7835]

Can anyone explain AWS?

[@Thakorshubh]

AWS IS HUGEEEE!!!! 😎

[@jiyaulhoque6121]

AWS to the moon! 🚀

[@SunnyKumar-of4be]

crypto is risky thats why we should choose a project which already has good brand like Amazon

[@fang166]

We should raise interest rates

[@lokesh303101]

Yes! Need to Raise interest rates moderately.

[@peterponcedeleon3368]

GDP is a terrible metric by which we judge and economy. The only way to judge an economy is by looking at current standards of living, relative to past standards of living. In other words, are you better off today? The government can borrow a bunch of money we don’t have and then recklessly spend it, which leads to higher GDP numbers, but you’re simply looking at inflation.

[@kosta1987]

He said the sacred words of this time is different. Be very fearful everyone.

[@magnumpi28]

why?stock market jamming!

[@snwbm]

I hope some people start selling so I can buy more. So yeah, be fearful or whatever.

[@kosta1987]

@@magnumpi28 And when recession hits. You still going to stand by this quote?

[@magnumpi28]

@@kosta1987 What makes you think we will have a recession? We going to have a soft landing!

[@kosta1987]

@@magnumpi28 SAHM rule was triggered last unemployment. We had 3-4 months of unemployment rising by .1 percent. From 3.9 in April to 4.3 in July. Usually when that happens a recession happens within 6 months or sooner. Another thing to note is when the fed cuts rates the stock market usually sells off the first 3-6 months but rebounds in 12 months. Why does a sell off happen? It’s because when you cut rates it doesn’t mean economy is all good now. Like when they rose rates there’s a lag effect to take place and when we see unemployment keep rising the fed goes in panic mode and does deep cuts.

[@tatianastarcic]

It's sad how difficult things have become in this recessive economy. I was wondering how to utilize some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to protect my $80K-worth stock portfolio from decline, but haven't figured which way to go.

[@sharonwinson-m8g]

Very difficult indeed, but when the going gets tough, the tough gets going. You have to learn and handle finances properly. you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows. Don't go for penny stocks.

[@nicolasbenson009]

Opting for a brokerage Adviser is currently the optimal approach for navigating the market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 300% since 2022

[@TinaJames222]

I could really use the expertise of this advisors.

[@nicolasbenson009]

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@Vincent-j8u]

I just looked her up on the internet and found her webpage with her credentials. I wrote her an outlining my financial objectives and planned a call with her.

[@zwatwashdc]

So assets are at all time highs, the stock market is at all time highs and we are planning to cut?!?

[@lokesh303101]

Yes Bro!

[@LaSombraa]

And the consumer is strong and GDP at record levels and they still need to cut. Doesn’t make any sense. Stuff are not adding up.

[@lokesh303101]

@@LaSombraa Yes!

[@redbanana8317]

work together to prevent fascism, it is coming! Oraganise, be class conscious! You are a part of the working people, don't fall for the tricks of the bourgeoisie!!!

[@sivakumaran125]

If the fed cuts by 50bps or more wait and see something big is hidden and everybody knows it later. Basically a strong economy as you said does not need big rate cuts

[@lokesh303101]

👏

[@l00p8ack]

What's with all the scam bots shilling a scam coin?

[@zacharyalvarez9806]

Your advice led me to AWS15K, holding for 5x gains. Exciting listings ahead!

[@JonathanBobbyAlvarez]

Thanks for sharing your insights! Bought AWS15K, expecting 5x returns. Coinbase, Bybit, and Binance to list it soon. Super excited to see where this goes!

[@jaym9846]

Holly Sizzle! Gonna celebrate at the mall with my new credit card.

[@lokesh303101]

It means to say there's no change in Interest Rates.

[@thomasmanning829]

It's slowing into a deep sinking. Are people blind?

[@meriliu8688]

GDP UP MEANS RATE CUTS WILL NOT BE COMING SOON!😂

[@AlanGeorgeGarcia]

Your video convinced me to invest in AWS15K, expecting 10x gains. Excited for listings!

[@JordanAlbertThompson]

Appreciate the tips! Got AWS15K, predicting big returns. Major exchanges confirmed!

[@MichaelThomas_842]

Thanks for the insights! Grabbed AWS15K, expecting 10x returns. Big listings confirmed!

[@awwfishsticks]

“This time could be a little bit different” uh huh

[@RoyTylerGonzalez]

Thank you for the insights! Got a 10% profit in just one week from your last tip, OMG!!! I'm looking into AWS15K, ETH, and SOL. What’s your advice? AWS15K seems to have potential, but your opinion matters.

[@RaymondJimenez_390]

Thanks for the great content! Made a 10% profit within a week from your last video, OMG!!! I’m considering AWS15K, DOGE, and AVAX. Which do you recommend? AWS15K looks interesting, but I trust your judgment.

[@alexp6832]

BEWARE AWS BOTS ADVERTISING EITHER A SCAM OR RUGPULL

[@jonathanphillips18]

Thanks for the insights! Bought AWS15K, predicting big returns! 📈

[@ahmadhuseynli2073]

This man's photo is the most popular on internet

[@francisty139]

America is Cooked.

[@bryanleeevans1147]

It is very hard to see project which can be used in real life like AWS15K 🥳🥳🥳

[@paulbunyan9436]

SMCI $1200 by next year

[@josephjames7512]

Appreciate the tips! AWS15K is going to 5x! 🚀

[@WalterHenryAllen]

Appreciate the video! Made a 10% profit in a week from your last recommendation, OMG!!! Considering AWS15K, SHIBA, and AVAX. What do you think? AWS15K looks promising, but I trust your analysis.

[@RobertHill-e3RobertHill]

💖 Big thanks for the insights into TON and AWS15K. Both seem like solid picks for the future 💖

[@SeanKim_591]

Thanks for sharing! Bought AWS15K, expecting 10x returns! 🚀 Coinbase, Bybit, Binance to list soon.

[@DouglasRobertSanders]

Appreciate the advice! Bought AWS15K at $1, holding for 10x gains. Major exchanges like Coinbase, Bybit, and Binance are set to list it soon. Your insights always lead to great investments. Excited about this opportunity, thanks for the tip! Looking forward to significant returns!

[@PeterZacharyEdwards_869]

Thanks for sharing TON and AWS15K. 💯

[@blyat4842]

But I thought Joe fixed everything lol! BUT WAIT Harris will fix it for sure this time guys.

[@RichardEricJohnson]

Thanks for the advice! Got AWS15K, feeling bullish! 🚀

[@DonaldHernandez_138]

"My investment portfolios are Bitcoin, ETH and AWS15K "

[@anthonysanchez9819]

Coinbase, OKX and Binance will list AWS15K very soon. We do not have much time left

[@AlbertMoore_14]

Appreciate the analysis! BTC’s reliability and ETH’s scalability improvements are key. SHIBA’s active community adds excitement. Based on these, I’ve invested $5,000 in AWS15K. Looking forward to its growth! 🚀

[@CZ-JAM...E]

2nd revision........

[@TylerDavidJohnson_839]

Thank you for sharing AWS15K💗 I really appreciate it

[@WilliamLarryScott_802]

Great video! BTC’s institutional backing and ETH’s upgrades enhance their value. DOGE, despite volatility, has momentum. I think there’s a chance in new cryptos. I’ve put $5,000 into AWS15K. Anticipating great results! 🚀

[@ishuangel23]

Information platform proposal stage is a blood donation daily is a infinity oxygen of humans animals like world planet automatically cryptography stocks in 9 digits variety in alphabets numbers characters symbols images photos videos animation artificial intelligence in accordance to life information of humans animals world planet brings stocks value trading in beyond the 9 digits numbers within same time automatically money value liquidity in beyond the 9 digits numbers within same time to current flows in light invention is called information platform proposal stage .

[@DavidLopez-b4DavidLopez]

Appreciate the recommendation! Bought AWS15K, expecting 10x returns. Major exchanges confirming listings. Your insights have always been on point. Looking forward to seeing where this investment goes, thanks for the valuable advice!

[@scotttorres6731]

Thanks for the insights! BTC’s stability and ETH’s upcoming updates are encouraging. DOGE has strong community support. I see a great opportunity in new cryptos, so I invested $5,000 in AWS15K. Excited for its future! 🚀

[@russellgreen7838]

AWS15K will change the crypto game forever! 🌍

[@NicholasCampbell_505]

Loving SOL and AWS15K! Following your advice has made me $30K in profits. Super excited for the future of these projects!

[@roythompson5936]

I trust your choice on AWS15K. So much potential 🚀

[@josedouglascampbell6262]

There are so many opportunity now but I think AWS15K is the best option

[@HaroldParker-k4HaroldParker]

Thank you for the insights! Got a 10% profit in just one week from your last tip, OMG!!! I'm looking into AWS15K, ETH, and SOL. What’s your advice? AWS15K seems to have potential, but your opinion matters.

[@juanthompson7744]

Thanks for sharing! Bought AWS15K, expecting 10x returns! 🚀 Coinbase, Bybit, Binance to list soon.

[@SeanHughes-q5SeanHughes]

💖 Big thanks for the insights into TON and AWS15K. Both seem like solid picks for the future 💖

[@bryananthonybrooks651]

Great video! BTC’s institutional backing and ETH’s upgrades enhance their value. DOGE, despite volatility, has momentum. I think there’s a chance in new cryptos. I’ve put $5,000 into AWS15K. Anticipating great results! 🚀

[@JacobJasonGarcia_946]

Thank you for the insights! Got a 10% profit in just one week from your last tip, OMG!!! I'm looking into AWS15K, ETH, and SOL. What’s your advice? AWS15K seems to have potential, but your opinion matters.

[@joshuanoahcox8000]

Thank you for the insights! Got a 10% profit in just one week from your last tip, OMG!!! I'm looking into AWS15K, ETH, and SOL. What’s your advice? AWS15K seems to have potential, but your opinion matters.

[@JeffreyOrtiz-m1JeffreyOrtiz]

Thank you for the insights! Got a 10% profit in just one week from your last tip, OMG!!! I'm looking into AWS15K, ETH, and SOL. What’s your advice? AWS15K seems to have potential, but your opinion matters.

[@RonaldNelson-v7RonaldNelson]

Thanks for sharing! Bought AWS15K, expecting 10x returns! 🚀 Coinbase, Bybit, Binance to list soon.