Economic Update: A Review of Second Quarter 2019

July 30, 2019
Economic Update July 2019

The U.S. economy has shown growth for 121 consecutive months since June 2009. That’s the longest uninterrupted expansion in American history. Unfortunately, our GDP growth may be slowing down. Goldman Sachs predicts that the European Central Bank will lower its deposit rate by 20 basis points and restart quantitative easing in September. If they are correct about the ECB and quantitative easing, it could give a boost to international markets, which have substantially underperformed the United States in recent years.

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