Breitbart Business Digest: The Fed’s Rate Target Won’t Change This Week—But Everything Else Probably Will

the economy growing at a 4.9 percent rate

in the third quarter. That’s likely to come down as more data hit the GDPNOW model. But many economists now think we are growing rapidly in the third quarter. J.P. Morgan Chase’s economists are forecasting a 3.5 percent growth rate. The professional forecaster survey had us growing at a 1.9 percent rate at its last release, which was all the way back in August. The New York Fed’s newly revived nowcast sees the economy growing at a 2.3 percent pace.

The Fed’s formal target for its benchmark rate is probably going to remain unchanged. Everything else, however, is due for

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Highlights: Fed poised to leave rates unchanged; Auto workers threaten to escalate strikeBusiness Highlights: A summary of the day’s top stories in the business world.
Source: AP - 🏆 728. / 51 Read more »

Mijares Mexican Restaurant in Pasadena celebrates 103 years in businessMijares Mexican Restaurant in Pasadena celebrated 103 years in business and 91-year-old Alice Mijares Recendez remembers every step of her journey with the beloved eatery.
Source: ABC7 - 🏆 67. / 68 Read more »

Auburn takes care of business against Samford, wins 45-13The Auburn Tigers welcomed in the Samford Bulldogs for their homecoming game on Saturday night.
Source: wsfa12news - 🏆 338. / 59 Read more »

Passengers, business groups push for more direct flights as San Antonio International Airport looks to expandJust this week, the City Council passed its $3.7 billion spending plan for Fiscal Year 2024. As KSAT reported, the airport system requested more funding for capital projects this year than last, in part to tackle new airport additions.
Source: ksatnews - 🏆 442. / 53 Read more »