US GDP growth back in black despite demand slowdown

27 October 2022

 

Summary: US GDP up 0.6% (2.6% annualised) in September quarter, essentially in line with expectations; confirms deceleration in private domestic demand; GDP price deflator annual rate falls from 7.6% to 7.1%. US GDP growth slowed in the second quarter of 2019 before stabilising at about 0.5% per quarter. At the same time, US bond yields suggested future growth rates would be below trend. The US Fed agreed and it reduced...

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