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Economic data has given us a clear answer. US Q3 GDP growth reached 4.5% annualized, far exceeding market expectations, which supports the Federal Reserve's current policy stance. But there is a more complicated issue behind this: inflation.
Inflation was only 2.3% at the beginning of the year, and now it has risen to 2.9%. The recent estimates from the Cleveland Fed are even more exaggerated, with annualized inflation exceeding 3%. These are not small numbers.
Some advocate for significant rate cuts to stimulate the economy, but the data is clear—economic growth is not lacking, and instead, i
View OriginalInflation was only 2.3% at the beginning of the year, and now it has risen to 2.9%. The recent estimates from the Cleveland Fed are even more exaggerated, with annualized inflation exceeding 3%. These are not small numbers.
Some advocate for significant rate cuts to stimulate the economy, but the data is clear—economic growth is not lacking, and instead, i