When we last checked in with government statisticians, they though the economy grew at an annual rate of 1.7 percent. Today, a surprisingly strong revision upward. Now, gross domestic product grew 2.5 percent from April to June, which helps build the argument that the Federal Reserve will ratchet back on its stimulus program. Diane Swonk, chief economist at Mesirow Financial in Chicago, tells Marketplace what this means for the economy.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.