---
title: Weekly Talking Points for Financial Advisors (7/31/23)
description: As an OCIO, Helios distributes a 19-page Weekly Report to member firms every Friday, which includes risk level summaries, model allocations, detailed model positioning information, market index inform
---

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# [Weekly Talking Points for Financial Advisors (7/31/23)](https://heliosdriven.com/helios-insights/weekly-talking-points-for-financial-advisors-7-31-23)

 Written by [Team Helios](https://heliosdriven.com/helios-insights/author/teamhelios) | Aug 1, 2023 2:09:40 PM

Read the highlights of this week's commentary from Helios:

- The US economy unexpectedly accelerated in the second quarter. GDP expanded at a 2.4% annualized rate, compared to 2% in the first quarter. The growth was well ahead of the expected 1.8% growth rate by economists surveyed by Bloomberg.
- As expected, the Fed raised the benchmark fed funds rate by another 25 basis points to 5.5%, marking the 11th hike since March 2022. The Fed doesn’t expect to fully tame inflation until around 2025 though the Fed staff is no longer forecasting a recession. 
- In June, both consumer income and spending rose. Spending rose 0.5%, slightly ahead of expectations, and a slight upward revision to May’s data. Incomes rose 0.3%, a slight slowdown of the 0.5% rise in May and below expectations of a 0.5% rise.

Want to learn more about Helios Quantitative Research?** [Click Here](https://hello.heliosdriven.com/calendar/team/t/26) **to schedule a meeting with one of our representatives!

[View full post](https://heliosdriven.com/helios-insights/weekly-talking-points-for-financial-advisors-7-31-23)

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