The US economy has been a mixed bag as of late — GDP (gross domestic product) grew by a 3.8% revised annualized rate in the second quarter, while the labor market faces some challenges month by month. So, how well is the US economy actually doing?
Joseph Lavorgna, US Treasury Department counselor to Secretary Scott Bessent, joins the Opening Bid team for a conversation on the bigger picture of the economy, President Trump’s hopes for the Federal Reserve to further cut interest rates, US GDP growth, inflation, and the labor market.
LaVorgna previously served as the chief economist for the National Economic Council (NEC) in the first Trump administration. Pending a government shutdown, the US Bureau of Labor Statistics (BLS) is scheduled to release September jobs data.
To watch more expert insights and analysis on the latest market action, check out more Opening Bid here: https://finance.yahoo.com/videos/series/opening-bid/
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