The US GDP was revised upwards to 4.4% yesterday, indicating large amounts of growth in the US economy.
The increase in real GDP in the third quarter reflected increases in consumer spending, exports, government spending, and investment. Imports, which are a subtraction in the calculation of GDP, decreased.
Real GDP was revised up 0.1 percentage point from the initial estimate, primarily reflecting upward revisions to exports and investment that were partly offset by a downward revision to consumer spending. Imports were revised up. For more information, refer to the “Technical Notes” below.
Meanwhile, Truflation reports that US Inflation has further dropped to 1.20% today. The main drivers of this latest in a series of disinflationary coolings were:
- Food (mostly Eggs)
- Household durables – particularly housekeeping supplies
- Alcohol & tobacco – mostly alcoholic beverages
Their number is derived by aggregating millions of real-time price data points every day to calculate a year-over-year CPI % rate. It is comparable but not identical to the survey-based official headline inflation released monthly by the BLS, which was 2.7% for December.
Posted by CSGOW1ld
8 Comments
“We are finally seeing the results of Bidens economic policies”
-CNN right now, probably
Now if we can get past the main stream media lies, and get Norm and Norma to believe that the economy is really improving under Trump, then they will vote accordingly.
The platform is working, boys and girls. Bumps in the road for certain, but things are going in the right direction. God bless the Trump economy!
God bless President Trump for his wisdom and business sense to create a true Golden Age for the American people. 2026-2032 here we come baby!
I think this shows how strong we can be with more local production. (With the basket of items you’re highlighting)
The problem is when you look at exchange rates, and commodities right now.
Sure the numbers look good but the middle class is still struggling
But but didnt you hear when we said Trump bad?!!!!
Robust economy? When am I gonna feel it? Getting a job is tough, especially one that pays decently. I give absolutely zero fucks if Musk and those like him are doing well, the economy isn’t doing well if only the top 1% are thriving and the rest of us are left behind. Where are the decent paying jobs? I’m still not seeing any and I’ve been applying to jobs for months.