STATEMENT from America's Credit Unions on fourth quarter GDP

Curt Long

"Fourth quarter GDP exceeded expectations as consumption remained strong, inventories held up better than anticipated, and trade made a surprising positive contribution to growth. When considered alongside the slowing growth in payrolls, this report provides further evidence of a pickup in labor productivity, which is helping to tamp down inflation. Overall, this report is consistent with America’s Credit Unions’ forecast of three rate cuts from the Federal Reserve in 2024."
​-- America's Credit Unions Vice President of Research and Chief Economist Curt Long

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