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Amherst Pierpont Securities economists Stephen Stanley says excitement about US growth may be misplaced.
He writes that the “core of the private economy was merely so-so” in Q3 despite the 3.5% rise in GDP. “Trend growth is considerably lower than the FOMC and most private economists are willing to admit.”
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He forecasts Q4 growth in the ‘ballpark' of 2%.
Is there really an acceleration here?
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.