Economy may not be seeing the growth numbers it needs in July to climb out of 'deep hole,' JPMorgan chief US economist says

Business Insider

Published

· *Chief US economist at JPMorgan said the economy is not seeing the rapid rates of growth required to exit the "deep hole" it entered this spring.*
· *Michael Feroli pointed to slowed July spending and an increase in unemployment as indicators of stalling growth.*
· *The economist called the second quarter GDP results...

Full Article