Podcast: GDP growth ended 2022 with an unhealthy mix
How does Q4’s GDP report impact our outlook of the economy and financial markets—and the potential for a recession?
Inflation slowed in August, but the core rate climbed to a five-month high as service costs sped up. Consumer activity is stalling in response to rising prices as spending activity focuses more on necessities than on discretionary items. Small businesses, meanwhile, had a more optimistic outlook in August compared to July, but remain downbeat about short-run economic prospects.
Key Takeaways:
View our informative commentary on the economy and financial markets – and find out what we’re watching for the week ahead:
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