September 27, 2024 • 38 mins
The Bureau of Economic Analysis issued the third and final estimate of the 2nd Quarter Gross Domestic Product, Personal Consumption Index, and Consumer Price Index, which it tells and doesn't tell us. West Coast ports' volumes surge; why and what that tells us about the economy. Oil prices react to a report that Saudi Arabia will give up its $100 per barrel price target in preparation for raising output, the prospect of additional crude supply from Libya, and China's pledge to deploy "necessary fiscal spending."
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