The GDP report was great. Now what?

It's a big moment for the economy.Quarterly growth just came in at the ...

Posted: Aug 1, 2018 3:55 AM
Updated: Aug 1, 2018 3:55 AM

It's a big moment for the economy.

Quarterly growth just came in at the fastest pace in almost four years. And the jobs report on Friday is expected to show a remarkable 94th straight month of gains - easily the longest streak in American history.

Where do we go from here, particularly as the Federal Reserve appears set on steady interest-rate increases to keep the economy from running too hot?

Lindsey Piegza, chief economist for Stifel, will join Richard Quest on Wednesday to talk about it on CNNMoney's "Markets Now."

Piegza wrote last week that a slump in housing activity raises a red flag for the future of the nine-year-old economic recovery.

"As history has shown," she wrote, "when housing activity dries up, it's usually a good indication that the economic expansion will face additional headwinds as well, and sooner rather than later."

She also believes that the sugar rush from the tax cut legislation and stockpiling of inventories ahead of tariff hikes will wear off in the second half of the year.

Related: Watch 'Markets Now' here every Wednesday at 12:45 p.m. ET

"Markets Now" streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by Quest and others, the 15-minute program features incisive commentary from experts.

You can watch "Markets Now" at CNNMoney.com/MarketsNow from your desk or on your phone or tablet. If you can't catch the show live, check out highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.

Oregon Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 4399

Reported Deaths: 159
CountyConfirmedDeaths
Multnomah119462
Marion99926
Washington75218
Clackamas32412
Deschutes1280
Umatilla1233
Linn1199
Polk10112
Lane773
Yamhill747
Jackson680
Benton575
Jefferson450
Clatsop450
Klamath440
Malheur320
Coos310
Douglas280
Wasco281
Hood River280
Josephine231
Lincoln180
Columbia160
Morrow120
Curry70
Union60
Tillamook60
Crook60
Wallowa20
Lake20
Sherman10
Harney10
Grant10
Baker10
Unassigned00
Eugene
Few Clouds
57° wxIcon
Hi: 73° Lo: 49°
Feels Like: 57°
Corvallis
Broken Clouds
58° wxIcon
Hi: 73° Lo: 50°
Feels Like: 58°
Roseburg
Clear
58° wxIcon
Hi: 77° Lo: 52°
Feels Like: 58°
North Bend
Clear
57° wxIcon
Hi: 62° Lo: 50°
Feels Like: 57°
KEZI Radar
KEZI Temperatures
KEZI Planner

LATEST FORECAST

Community Events