After a holiday hiatus, time to get back to covering some of the good news out there…
Big news – the US economy grew by almost 5 percent in Q3 2023...a rather stunning performance.
Growth was expected to slow to about 2.7% in Q4 – which is also good news as this will likely presage interest rate cuts by the Fed.
Which leads to this…
Implications
Confident consumers spend. Spending creates jobs. Lower interest rates improve construction hiring and durable goods purchases.
AKA…a virtuous cycle.
Have an excellent weekend!
