FYI: Going in to this morning's Advance (the first of three) GDP report from the Bureau of Economic Analysis, Wall Street economists were expecting a 3.0% quarter-over-quarter, seasonally adjusted annual rate of growth. The report printed higher than that, registering a 3.5% increase in the third quarter. While that rate declined versus the second quarter's strong 4.6% growth rate (the third estimate published), it still represents a growth rate at the top of the range for the current expansion.
Regards,
Ted
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