"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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Author: Mike LawsonMarried 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
May 2024
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