Latest Updates: Related to Inflation

Negative Q2 GDP Signals Technical Recession


The U.S. economy unexpectedly contracted for the second straight quarter. Although this doesn’t necessarily mean the country is in recession, two consecutive quarters of negative growth is the textbook definition. Ultimately, the National Bureau of Economic Research (NBER) will make the official call months from now based on a number of variables.

GDP fell -0.9% in the second quarter, significantly weaker than the +0.4% median forecast, following a -1.6% decline in the first quarter of the year. The worst performing sector was private investment, which was responsible for carving 2.7 percentage points from the headline number. Within that number, residential investment (housing) subtracted 0.7.


Read the full article

Read more Economic Commentary

Learn More From HilltopSecurities

Q1 GDP is Solid, but Short of the Whisper

Uncertainty Chips Away at Third Quarter Outlook

Thank you for visiting the HilltopSecurities website.
For best viewing experience, we recommend using Chrome, Firefox, Safari, or Microsoft Edge.