CUbroadcast
  • Home
  • Episodes
  • Webinars
  • Knowledge Hub
  • StudioLounge
  • News
  • Careers
  • Supplier Central
  • Livecast
  • VideoTips
  • Subscribe
  • VideoServices
  • Sponsorships
  • About
  • Contact
  • Blog
  • Product
  • Home
  • Episodes
  • Webinars
  • Knowledge Hub
  • StudioLounge
  • News
  • Careers
  • Supplier Central
  • Livecast
  • VideoTips
  • Subscribe
  • VideoServices
  • Sponsorships
  • About
  • Contact
  • Blog
  • Product

NAFCU Analyzes GDP Rise in Q3

10/30/2022

0 Comments

 
PictureCurt Long
"Real GDP grew by 2.6 percent in the third quarter according to the Commerce Department. While net exports was a drag on GDP over the first half of the year, it is now keeping GDP afloat. Residential investment took a nosedive as builders reacted to skyrocketing mortgage rates. The labor market remains tight, helping to maintain consumption. However, consumers are leaning ever more on credit, and inflation continues to outpace wage growth. Overall, this was exactly the type of report the Federal Reserve is looking for. Rate sensitive areas are responding to tightening monetary policy, but the rest of the economy is moderating more slowly. PCE inflation dropped from 7.3 percent in the second quarter to 4.2 percent in the third. It is still too early for the FOMC to think about a pivot, but after next week’s 75 basis-point hike, this report would support a mild a step down to a 50-point increase in December.”

​- 
NAFCU Chief Economist and Vice President of Research Curt Long

0 Comments



Leave a Reply.

    Picture

    Author: Mike Lawson

    Married to a most gorgeous and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.

    Archives

    June 2025
    May 2025
    April 2025
    March 2025
    February 2025
    January 2025
    December 2024
    November 2024
    October 2024
    September 2024
    August 2024
    July 2024
    June 2024
    May 2024
    April 2024
    March 2024
    February 2024
    January 2024
    December 2023
    November 2023
    October 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    November 2019
    February 2019
    December 2018
    September 2018
    May 2018
    February 2018
    October 2017
    August 2017
    February 2017
    January 2017
    November 2016
    September 2016
    July 2016
    May 2016
    April 2016
    March 2016
    December 2015
    November 2015
    October 2015

    Categories

    All

    RSS Feed

CUbroadcast
Privacy Policy  •  Copyright © 2024 CUbroadcast