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The US economy was much stronger than expected in the third quarter

From finance.yahoo.com

An initial reading of third-quarter gross domestic product showed the US economy expanded at an inflation-adjusted annualized rate of 4.3%, a far faster pace than the 3.8% recorded in the second quarter, according to Commerce Department data released Tuesday. That’s the fastest growth rate in two years. An acceleration in consumer spending, up 3.5% from 2.5% in the second quarter, and exports, up 8.8% from -1.8% in the second quarter, were the main contributors to the third-quarter GDP reading. President Donald Trump said Tuesday the report was a reflection of his sweeping tariffs, which he increased substantially ... (full story)

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  • Category: Fundamental Analysis