The 'October Surprise': A 5% GDP Growth Rate

The September PMI flash is signaling a 5% Q3 GDP growth and robust labor market gains, confirming the GDPNow 5.1% estimate. However, inflation is also accelerating, and 10Y yields spiked above the 5% level in reaction, in addition to market pricing a more aggressive Fed.

Source: Seeking Alpha

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Category General

Source Seeking Alpha

Published 3 weeks ago

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News ID #20,909

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