LA Times Economic Growth

Surprisingly anemic economic growth could derail Fed rate hike and boost Trump campaign

Excerpt from LATimes.com article featuring Horizon Investments’ Greg Valliere

The weak start to 2016 spilled into the spring, with the U.S. economy growing at a surprisingly anemic 1.2% annual rate in the second quarter, the Commerce Department said Friday.

“I think the number made the economy look weaker than it really is, but it reinforces a narrative that we’re stuck in a mediocre growth pattern, and that hardly helps” Democratic nominee Hillary Clinton, said Greg Valliere, chief global strategist at Horizon Investments.

 

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