by Summary:
According to the BEA, the advance estimate of GDP growth in the third quarter is 2.9%, which is a significant improvement on the second quarter (1.4%). So maybe there is no recession in the near future (Neil Irwin might be right about that), which does not mean Yellen should hike the Fed rate in December anyway.
Topics:
Matias Vernengo considers the following as important: GDP, Slow recovery
This could be interesting, too:
According to the BEA, the advance estimate of GDP growth in the third quarter is 2.9%, which is a significant improvement on the second quarter (1.4%). So maybe there is no recession in the near future (Neil Irwin might be right about that), which does not mean Yellen should hike the Fed rate in December anyway.
Topics:
Matias Vernengo considers the following as important: GDP, Slow recovery
This could be interesting, too:
Angry Bear writes GDP Grows 2.3 Percent
NewDealdemocrat writes Real GDP for Q3 nicely positive, but long leading components mediocre to negative for the second quarter in a row
Mike Norman writes Atlanta Fed reduces Q2 GDP forecast once again, as I said they would
Frances Coppola writes Why the Tories’ “put people to work” growth strategy has failed
