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The Fox News Rundown

Business Rundown: The Economy Is Growing, Yet Many Americans Feel Left behind

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.4 • 1.7K Ratings

🗓️ 29 July 2024

⏱️ 16 minutes

🧾️ Download transcript

Summary

A surprisingly good GDP report suggests that the U.S. economy is growing. While that news won’t bring immediate relief to consumers and investors concerned about inflation, the positive report raises the likelihood the Fed could cut interest rates as early as next month. Co-host of The Big Money Show on FOX Business, Taylor Riggs, speaks with the President of Payne Capital Management, Ryan Payne, to preview the week ahead in the business world and discuss what the GDP report means for the country’s economic outlook. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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I'm Taylor Rags and this is the Fox Business Rundown. Monday July 29th, 2024. A surprisingly good GDP report last week

0:40.9

suggests the economy is growing, but is that news enough to

0:45.0

ease the concerns of Americans and investors? Maybe I'm cynical there probably

0:50.0

is some political pressure maybe you know if there was real estate lobbyists and

0:54.0

private equity lobbyists or are knocking on Capitol Hill that they need to cut

0:58.5

rates here but you know they probably don't given the fact that they've engineered

1:02.3

this quote-unquote soft landing.

1:03.7

A good checkup for the US economy recently second quarter report showing that America's

1:08.2

GDP rose at an annual rate of 2.8 percent GDP, known as gross domestic product, measures all the goods and services

1:16.9

produced by America.

1:19.2

When GDP is high, usually that means the nation's economy is healthy and thriving.

...

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