The latest Commerce Department numbers should indicate a solid economy and easing inflation.
Another quarter, another bullet likely dodged for the seemingly irrepressible U.S. economy. The Commerce Department is expected to report Wednesday that gross domestic product grew at a hardy 3.1% annualized pace in the third quarter, adjusted for seasonality and inflation, according to the Dow Jones consensus forecast. If accurate, that would be 0.1 percentage point above the previous period and mark the 10th straight quarter of expansion.
can keep going on a steady diet of incessant consumer spending while credit concerns escalate and the pace of hiring appears to have slowed. On top of that, some economists are expressing concern that inflation could stoke up again next year depending on the election outcome. Allen thinks the July-through-September period will be the last of the big GDP numbers. Though he doesn't see the economy falling off a cliff, he figures gains ahead being closer to an anemic 1.5% through 2025.
Investment Strategy Economy Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How To Dress Like Wednesday Addams For HalloweenJenna Ortega as Wednesday Addams in Wednesday
Read more »
Wednesday Cosplayer Is Electrifying With Swaggy Dance Moves In NYCC VideoJenna Ortega on set in costume as Wednesday for Wednesday season 2
Read more »
Asia stocks muted; China shares rise as GDP meets expectationsAsia stocks muted; China shares rise as GDP meets expectations
Read more »
Will Canada's population decline drag on GDP growth?Will Canada's population decline drag on GDP growth?
Read more »
EUR/GBP posts modest gains to near 0.8350, eyes on German, Eurozone GDP dataThe EUR/GBP cross trades in positive territory around 0.8340 on Tuesday during the early European session.
Read more »
Mexican Peso slips amid political turmoil, ahead of GDP dataThe Mexican Peso remains on the defensive against the Greenback, extending its losses for three consecutive days as market participants await crucial economic data in Mexico.
Read more »