From the BEA:
Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 2.5 percent in the third quarter of 2024 (that is, from the second quarter to the third quarter) according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.3 percent.
Hardly a house afire, but something.
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October 30th, 2024 at 7:42 am
I think the lesson of the last two years is: wait for corrected quarterly numbers. I fully expect the above numbers to be revised downward.