Get access to our best features
Get access to our best features
Published 1 month ago

US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate

  • The US economy grew at a revised 3.4% annualised rate last quarter, surpassing global peers despite 525 basis points of interest rate hikes.
  • GDP and GDI estimates varied due to different data sources, with GDI reflecting increased wages driving consumer spending.
  • Despite high-profile layoffs, most employers are retaining workers, with initial unemployment claims falling and growth estimates converging around a 2.0% pace.
Insights by Ground AI
Does this summary seem wrong?

0 Articles

All
Left
Center
Right
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 46% of the sources are Center
46% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)