Join us as Dr. Ed Seifriecd interprets the July 27th Gross Domestic Product, 2nd quarter (advance estimate) report by the Bureau of Economic Analysis' (BEA). The economy has a lot riding on this report. The Fed policy making committee, the FOMC, is scheduled to meet a few days after the GDP release. It should be obvious that the interest rate decision made at the FOMC meeting will depend to a great extent on the 2nd quarter GDP results.
In addition, Dr. Ed will interpret the Fed’s July 31-August 1, 2018 FOMC meeting results. The FOMC not only pulled the rate trigger at the March and June meetings, but also signaled a more robust rate path going forward. It will be interesting to see whether or not the FOMC elects to raise rates at this meeting based on the 2nd quarter GDP performance. Finally, will the results of the GDP release force the FOMC to modify the rather robust rate path guidance delivered in previous meetings?
YOUR CONFERENCE LEADER
Your conference leader for “Economic Review: 2nd Quarter 2018 GDP and Most Recent FOMC Meeting Results" is Dr. Edmond Seifried. Dr. Seifried is currently executive consultant of the Sheshunoff Affiliation Programs and professor emeritus of economics and business at Lafayette College in Easton, Pennsylvania. He received his doctorate in economics and business from West Virginia University. Ed serves as the dean of the Virginia and West Virginia Banking Schools and has served on the faculty of numerous banking schools including the Graduate School of Retail Bank Management. Dr. Ed was recently awarded rank of professor emeritus of business and economics at Lafayette College. Ed frequently appears as a guest speaker at regional and national conferences and has delivered over 2000 presentations to various groups both in the United States and abroad. He is a consultant to the banking industry and is well known as a speaker at bank customer events and as a strategic planner. He is the author of the book The Art of Strategic Planning for Community Banks. In addition to his academic and consulting experience, he has also served as a director of a community bank.
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