On 2023-01-26 16:10:14 +0000, Trchnobarbarian said:
"U.S. GDP rose 2.9% in Q4; Jobless claims fell to the lowest levelThe GOP really want a major recession, they aren't going to get it.
since April ’22
The U.S. economy finished 2022 in solid shape even as questions
persist over whether growth will turn negative in the year ahead.
Fourth-quarter gross domestic product, the sum of all goods and
services produced for the October-to-December period, rose at a 2.9%
annualized pace, the Commerce Department reported Thursday. Economists
surveyed by Dow Jones had expected a reading of 2.8%.
The growth rate was slightly slower than the 3.2% pace in the third
quarter.
Stocks turned mixed following the report while Treasury yields were
mostly higher.
Consumer spending, which accounts for about 68% of GDP, increased 2.1%
for the period, down slightly from 2.3% in the previous period but
still positive.
Inflation readings moved considerably lower to end the year after
hitting 41-year highs in the summer. The personal consumption
expenditures price index increased 3.2%, in line with expectations but
down sharply from 4.8% in the third quarter. Excluding food and
energy, the chain-weighted index rose 3.9%, down from 4.7%.
[snip]
https://www.cnbc.com/2023/01/26/gdp-q4-2022-us-gdp-rose-2point9percent-in-the-fourth-quarter-more-than-expected-even-as-recession-fears-loom.html
TB
That's not to say we might not have a minor one, RV sales are depressed
(that is actually one of the major indicator for recessions)
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