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Politics : Formerly About Advanced Micro Devices
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To: Wharf Rat who wrote (1423154)10/26/2023 3:17:02 PM
From: Tenchusatsu   of 1581621
 
Wharfie,
Gross domestic product expanded at a 4.9 percent annual rate over the summer, powered by prodigious consumer spending. But the pace is not expected to be sustained.
I wish the Fed could take this opportunity to raise interest rates by another quarter of a percentage point.

After ticking down over the summer, inflation seems to be bouncing back.

And the strong GDP and employment numbers need to be watched very closely, lest they cause inflation to roar back with a vengeance.

Tenchusatsu
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