The latest Cary Street Connections quarterly newsletter is available. Read Now

GDP Shifted into Higher Gear

Contrary to our expectation, U.S. Gross domestic product (GDP) grew at a seasonally adjusted
annual rate of 3.9% in the third quarter. The revised rate was higher than the initially estimated
rate of 3.5%. The upward revision was mainly due to stronger consumer and business spending
than we had previously anticipated and a smaller drag from inventory investment.

Read More