Economic data
US Economy Grows Most in a Year on Strong Spending, Investment
Kevin Gordon, Schwab head of Macro Research & Investing, said that the public's negative perception of the economy that is driven by fears about AI and the labor market are an 'interesting divergence' from the picture the economic data is painting. Gordon, talking at the Schwab IMPACT summit, said that he thinks inflation will be 'pretty sticky' between the ongoing conflict in the MidEast and the lingering impact from tariffs. (Source: Bloomberg)
Read the full story at Bloomberg MarketsOpen in the live monitor