US Q3 GDP Growth Disappoints, But… The US economy grew at a 2.8% annualized clip in Q3 (acording to advance data released this morning). That is down from Q2’s 3.0% and below the expectation for a 2.9% growth. That is the first ‘miss’ since Q3 2023… Source: Bloomberg Against this backdrop, personal consumption surged more than expected (up 3.7% SAAR vs 3.3% expected and 2.8% in Q2)… Source: Bloomberg On the inflation side, the Core PCE buried inside the GDP data slowed to 2.2% from 2.8% (but that was slightly hotter than the 2.1% expected)… Source: Bloomberg So growth slower,… — Continue at ZeroHedge News : Read More
