US Gross domestic product accelerated to a 4.9% annualized rate, more than double the second-quarter pace, according to the government’s preliminary estimate Thursday. Lindsey Piegza talks about the ramifications for the Federal Reserve of this print on “Bloomberg Surveillance.”
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It is hilarious that republicans are getting mad that the economy is doing well.
Like we are all on the same team guys, let’s celebrate this victory.
And you will never see a cent of it,happiness in slavery…
Nobody is mentioning that BRICS nations are dumping their dollars while they still have some value. Those dollars will flood our market even more causing more inflation. Smart people are turning their dollars to silver and gold.
Fundraiser: I moved to a new place on earth and made friends with my new neighbors and others.
3 Billion United States $
"Record debt and deficit spending with high inflation"
Bloomberg:
– Its impossible to figure out what is going on with these high GDP numbers and job growth.
Really dude, do they now refuse to talk about the obvious risk of inflation driven demand coming back with yet again higher CPI numbers?
Why would a record rates hike cycle create more growth on the peak of interest rates? Because inflation is higher than CPI, if you use that as a data point everything els makes 100% sense
Stop misleading us
So the economy grew 4.9 percent but the inflation rate is around 7 percent.
Hence, in real terms the economy shrunk. 😂
The Fed needs to raise rates at least 25 basis points next week to gat a handle on all this.
American 🇺🇸 and Chinese economies are in opposite directions.
Basically, Chinese economy is very sick. There's no cure.
But how much is the Real GDP? Let's not kid ourselves.
GDP growing because everything cost more because inflation we are experiencing
SHES really good 👍
All the FED did was make taking on new debt more expensive and most of US history the rates were around the current rate so if anything we are just back to normal where we should have been the last 15 years. Now that rates are normal again, banks can actually give you something for savings. Finally savers can get rewarded, instead of people that take on debt.
Growth sounds great until you realise it’s due to higher consumer spending because of higher costs & a huge increase in government spending…..
😂🤣😂🤣👌🤡🤡🤡
Yes! Now Better reduce Tax on Home Grown American Stocks.
4.9% annualized. Journalism is dead.
They count "new debt" as growth, just so you know.
Moon landing
how much of USA gdp rose contribute to government spending?
I hope FED increases rate by 50 BPS atleast.
Yeah right 😂😂😂
The Fed will pause until March 2024 and then rightfully repeating the mistake they committed in March 2022.
Effectively Joe Biden is the problem. FJB
haha sure buddy
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