Behind the Markets Podcast · Friday, July 17, 2026
Goldman Sachs has revised its second-quarter GDP expectations upward to approximately 2.5%, while the St. Louis Fed has lowered its forecast to 1.7%. Professor Jeremy Siegel suggests that a decrease in oil and gasoline prices could further boost third-quarter GDP.
“GDP expectations, sort of interestingly, we've had Goldman Sachs creeping there, second quarter, up to about two and a half.”
“And the St. Louis Fed, which is usually on the high side, creeping there's down to 1.7.”
“So, um, um, got housing starts today, which were actually pretty strong. That might bump up a pointer, you know, 10 basis points or so, um, on, on GDP.”