Seven Peaks and GDP

Our annual Client Appreciation Party is coming up in two weeks and I want to make sure that you get it on your calendar.  We will have the whole park rented out for just our fantastic clients!  I’ll be getting a ticket mailed out to you just prior to the event that will get your whole family into the park and get you tubes too so watch your mailbox.

The U.S. GDP was released today showing a annualized growth rate of 1.2% for the 2nd quarter of the year.  The Fed’s target is a 2.0-2.5% rate, so today’s data combined with the 1.1% 1st quarter reading has them wringing their hands wondering what to do.  One thing they’ll do for sure is keep interest rates low for the foreseeable future.