Posted on 10/27/2022 6:17:05 AM PDT by ChicagoConservative27
U.S. economic growth rebounded during the third quarter after six months of steady declines, according to data released Thursday by the Commerce Department.
U.S. gross domestic product (GDP) grew at annualized rate of 2.6 between July and September, up from declines of 1.6 percent in the second quarter and 0.6 percent in third quarter of 2022, the Bureau of Economic Analysis reported Thursday.
That means that if the third quarter’s pace of growth lasted 12 months, the U.S. economy would have grown 2.6 percent by the end of that time.
Economists expected U.S. GDP to rise at an annualized rate of 2.3 percent in the third quarter, according to consensus estimates.
(Excerpt) Read more at thehill.com ...
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Them
Talk about spin. Of course people are spending more money. They have to.
2% is not growth.
Timing. Yes.
Look at the DJI over the last month. I would bet the overall markets will continue to climb until after the elections. The repubs like they will take the majorities in the house and senate. The markets are being rigged to benefit the dims leading up to the elections.
After that, watch out below.
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