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The 'October Surprise': A 5% GDP Growth Rate
Source: seekingalpha.com
Economic DataInflationInterest Rates & YieldsMonetary Policy
September flash PMI data signal approximately 5% Q3 GDP growth and robust labor-market gains, broadly confirming the Atlanta Fed GDPNow estimate of 5.1%. However, accelerating inflation has pushed the 10-year Treasury yield above 5% and led markets to price a more aggressive Federal Reserve policy path.
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