This is an I-Heart podcast.

Welcome back in Clay Travis Buck Sexton Show.

I appreciate all of you hanging out with us.

Good news on the economy.

This morning, if you're just joining us, 3% growth.

It exceeded the expectations of the so-called experts. We are nearing yet again,

another record high in the stock market. Second quarter wage growth. Also, based on the evidence

and data that I have seen, has been outgrowing cost of goods. That is the number one.

If I had to point to one economic sort of bellwether, it would be, is your average wage increasing more than the cost of goods?

That is a sign that you end up with more money in your pocket than you used to.

Under Biden for almost his entire time in office,

that was not true under Trump in this most recent quarter of 3% growth. That is becoming true.

I think it is likely to continue. And that is when COVID hit, to take you back into February of

2020, by basically every economic measure,

the country had never been stronger than it was in February of 2020 when all of that happened.

So that is good news that came out.

We will await further news.

I believe the Fed is the Fed is announcing next hour.

I think I'm right on this.

Team makes sure that I am correct on this. What they are going to do with interest rates.

Expectations are that they will not be changing anything with interest rates.

But there is an expectation that there will be two interest rate cuts now priced in before the end of the year. So that would mean your mortgages, your car interest loans, your credit card debt,

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