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The July federal reserve meeting didn’t say too much about the future interest rate movement to lower inflation. Right now, were peaked at a 40-year high at 9.1%, and the FED’s goal is to bring that back down to an even 2%. Jerome Powell says he doesn’t think the U.S is already in a recession because of the strong job market outlook but he did not a clear slowing in demand during the second quarter. After the news that sent the S&P 500 up 2.6% higher and Nasdaq up 4% yesterday near market close. So, Investors are thinking we may see a lower 50-point interest rate increase in the next September meeting. GDP fell .9& in the second quarter, the second straight decline and a strong recession signal. This will be the talk of the market for a while. The GDP estimates for the 2nd quarter – Q1 was around 1.6% so if the US sees another quarter of negative growth, then we could definitely already be in a recession which is what most people have been saying. The government says otherwise.