Despite the positive GDP print for Q3, a deeper look reveals that the Recession has begun and that critical parts of the economy continue to weaken. The Fed meets on November 1-2. The GDP and PCE price deflators are likely still too high to stop a 75 basis point rate hike.
Despite the positive GDP print for Q3, a deeper look reveals that the Recession has begun and that critical parts of the economy continue to weaken. The Fed meets on November 1-2. The GDP and PCE price deflators are likely still too high to stop a 75 basis point rate hike.
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