Scoreboard: Late Fed jitters

Wall Street reversed gains in the last hour despite strong GDP figures and indications the Fed will further delay tapering.

US GDP growth ended up being stronger in the June quarter than expected, at 1.7 per cent when 1 per cent was anticipated. Now that’s better than nothing, but it’s still below trend. What’s more interesting though is that the analysis and commentary around these figures is so positive. I mean, growth is still below trend, remember, and the broad spread of the discussion is really quite positive. This is a great turnaround from the days past and very welcome because it is the right way to think.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles