Source: US Dept. of Treasury End of Day
• Interest rates rose last week as the 2-year Treasury note yield increased by seven basis points to 3.65% while the 5-year note climbed by eight basis points to 3.77%.
• The final estimate of Q2 real GDP growth showed the economy advanced by a robust 3.8% while forecasts currently call for another strong quarter in Q3.
• Consumption picked up in August as real personal spending advanced by a solid 0.4% versus an expected 0.2% while July was upwardly revised to 0.4%.
• The week brings a fresh batch of economic data, notably four separate labor market reports that will surely have influence over the future path of monetary policy.
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