"US economic growth slows to 1.5 percent annual rate(note they say TOPS ESTIMATES!!) from April-June, consumer spending weakens
US economic growth slows to 1.5 percent annual rate from April-June, consumer spending weakens"
"Despite Mario Draghi's reassurance that the ECB will do everything in its power to save the euro zone, Europe is not going to do anything meaningful and central bank action will not save the equity markets - on the contrary, they'll "implode", Charles Biderman, Chief Executive and Founder of TrimTabs Investment Research, told CNBC."
Yes looking ahead though it is likely Growth in coming quarters will slow below that and that is CONTRACTION.
If so, look out for falling stock prices which have been propped up by FED actions. And should the FED lose ANY cred with investors.....kaboom.