The Dow sank sharply as America’s economy grew much faster than previously thought in the third quarter, a sign that the Federal Reserve’s battle to cool the economy to fight inflation is having only a limited impact. The Commerce Department’s final reading Thursday morning showed gross domestic product, the broadest measure of the US economy, grew at an annual pace of 3.2% between July and September. That was above the 2.9% estimate from a month ago.
“Part of the wide swings we are seeing is part of illiquidity into year-end as many traders and investors are on vacation and each new data gets overextrapolated in both directions,” noted Keith Lerner, chief market strategist at Truist Advisory Services. A surprisingly strong economy Inflation has cooled in recent readings, but the US economy has stayed strong. Some surveys released this week suggest the Fed’s higher rates are not slowing spending by businesses or consumers.
Just wondering why anyone would use fabreze or anything similar. air freshener? more like toxic chemical.
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Of course it is- money is worth nothing when it’s being handed out like this:
Not sure where it grew but it hasn’t hit my town. Shit is expensive as hell.
SBA announced $2M, Who needs a List of grants to get their business off the ground ‼️😌guarantee approval in three working days
I suggest Brandon take economy 101.
Bull. Has the white house been shopping other than you illegals? Bread 4$, milk, 4$. Gas used to do my tank at 20$..... Now...50$..... It's 4 cylinder... Lies, lies.
The economy still sucks. The only way the economy has supposedly grown, is because of the Christmas holidays. Biden doesn't understand nor does he care that the we people that pay for everything including his salary, are having a very hard time just buying enough food to survive
😂🤣😂BULL SHIT!!!! Liars!!!
Ha, wait and see what happens after the holidays - when wholesale, retail sales drop off and consumers have less money to spend.
CNN is C.I.A. PsyOps. CNN is Not journalism.
It is not the growth when an inflation is so high. When government cannot stop printing money people have to work to stay poor.
The Dow dropped 400 points today
Cnn lies as much as that old man Biden
Deficit spend our way into prosperity has consequences. You can't attack capitalism and expect growth.
Please inform your viewers to NEVER USE YOUR AUTOMATIC SPEED CONTROL WHEN ITS SLIPPERY
Fix the supply side energy issues by stopping Biden/Dems attack on USA energy and you can have a strong economy with inflation going down without fed rate increases.
Bull shit is fertilizer. It is true
Well, when you shut down an economy, then reopen and take credit for 'creating' jobs that were never truly lost, just put on hold, that tends to happen. I'm still paying too much for a grocery BASKET of fruits, veggies and meat. Gas is still higher than Trump admin.
But its a great way for the rich to steal more money from the poor. There's always an upside, just not for the people which need it.
Stocks continue to get pummeled as Biden's Inflation combines with Biden's Recession for an economic Perfect Storm. Nasdaq threatens a new 2022 low into year end, down 34% on the year right here.
America is so screwd up from a failed Government! GovernmentIsFailing!
Over the past two days, the city of Izeh in Khuzestan ,Iran, has been under military attack by the IRGC forces. More than 350 civilians were arrested and the number of killed and injured is increasing.. The regime has cut off the internet and civilians are in danger. MahsaAmini
Alot last year the job report was off till a month later.. Biden is not getting the credit he deserves because wrong numbers coming out
Nancy Pelosi's net worth has increased by appx. $140,000,000 since 2008. She has refused to release her tax returns. What's Nancy hiding
CNN Breaking News: What you average Americans see around you every day isn’t real. Everything’s going great!
It's just a rigged system. And it's always rigged against your happiness index. How is encouraging joblessness and hardships a way of fighting inflation? So there is a number of people who must be jobless and living in the streets for inflation to end!
In a month we will find out that this is all lies. Like how last year’s misinformation is today’s truth. CNN has zero credibility.
Fed's rate hikes have ZERO impact on inflation. Capitalism is a ruse to reward the rich.
Again, it's OLD data. Since then, interest rates have increased by almost 1,5% and everything in the economy is slowing. And yet, they base their decisions on obsolete infos to push everyone into a very bad recession and great pain. So shortsighted.
The terrorist IR Regime is committing another crime in Iran. Internet has been completely cut off in Izeh, Khuzestan province for the past two days and IRGC has completely surrounded the city. Izeh has become a war zone. Many citizens have been killed and kidnapped. MahsaAmini
This is all lies every time somebody says the economy's getting better. Nothing has changed all the people who comes to America get money by buildings up our rents so high we are living in the streets. The gouges of America got what they wanted. Politicians are incompetent.
According to the news; IRGC forces have deployed a large number of military forces around Izeh and completely surrounded the city. All entrances & exits of the city have been blocked & the Internet has been completely shutdown. The innocent citizens are in DANGER!! MahsaAmini
Raising interest rates won't solve the problem. Greed
AKA we are destroying peoples savings, crushing them with interest on credit card debt, and made interest rates on homes unaffordable for a whopping... limited impact?
According to the news; IRGC forces have deployed a large number of military forces around Izeh and completely surrounded the city. All entrances & exits of the city have been blocked & the Internet has been completely shutdown. The innocent citizens are in DANGER!! MahsaAmini
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