The Monday Mix: Aug. 22 – 28, 2022

U.S. GDP fell by 0.6% in the second quarter, a much smaller decline than the original -1.2% estimate.

The Federal Reserve will continue to raise interest rates aggressively to combat inflation, with no rate cuts likely next year.

Personal Consumption Expenditures (PCE), the Federal Reserve’s preferred gauge of inflation, fell by 0.1% in July.

China cut interest rates and announced $146 billion in new fiscal spending, in effort to stimulate slowing economy.

Washington State will join California in banning sales of new petroleum-fueled vehicles by 2035.

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