GDP Grew 2.6% in Q3

Per the Bureau of Economic Analysis:

Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the third quarter of 2022 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 0.6 percent.

Looks like the recession either was brief from Q1-Q2 or hasn’t arrived yet…

Joe Sweeney

Joe is a failed baseball player turned market blogger

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Sweet relief: PCE falls again in September, consumer spending grows