I love visiting France. But I do not like their tepid, sub-2% Real GDP growth.
But just in time for the elections, US GDP growth YoY rose to a very French-like 1.5%.
But I am certain that mainstream media will obsess about the QoQ growth rate of 2.9%.
If The Fed actually believes the 2.9% Q3 QoQ report and believes that it is sustainable, they have no choice but to raise rates in December and in 2017.
Personal spending? It actually fell from 4.3% in Q2 to 2.1% in Q3.
Why the rise in Q3 QoQ GDP? The rise was driven by a jump in inventories which contributed 0.6% to the bottom line. Net trade added another 0.8%, spiked by a surge in exports such as soybeans.
Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.