The Numbers:
3.8% Q2 GDP Growth (Atlanta Fed estimate)
139,000 jobs added in May (above 126,000 expected)
Inflation at 0.1% MoM (vs 0.2 expected) and 2.4% YoY
Trade deficit cut in half
Polymarket odds of recession down from 66% in April to 23% today
Trump approval +6 in Morning Consult, +7 in Rasmussen
Democrat Party approval -49 in Quinnipiac