Why Q3’s GDP Print Doesn’t Mean Recession Avoidance
- Sunday, October 30, 2022, 7:18
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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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