The following are the headlines discussed at Aldwin Callen's Monday morning briefing:
- US GDP for the second quarter of 2018 increased to 4.1 percent, exceeding the Fed's forecast of 2.8 percent growth for the year.
- China is injecting both fiscal and monetary stimulus into its economy, to prep for trade war with the US.
- The US will not impose 25% tariffs on imports of European cars, after negotiating certain concessions.
- The S&P 500 tech sector sank 2% on Friday, owing to fears about profit growth at Facebook, Twitter, and other companies.
- Given the solid economy, the Federal Reserve is expected to boost interest rates twice more in 2018.
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