The last (maybe) version of the 3Q GDP is out and it appears to be a bit less than expected, or that reported last time around.
So, what to make of it? If you're in the equity/risk market camp you can celebrate, as this is another data point that pushes rate hikes out further into the future. This keeps the Fed on the sidelines longer as they are clearly concerned about growth.
So, what to make of it? If you're in the equity/risk market camp you can celebrate, as this is another data point that pushes rate hikes out further into the future. This keeps the Fed on the sidelines longer as they are clearly concerned about growth.
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