April 30, 2024 | U.S. Gross Domestic Product (GDP) came in below expectations. Stronger imports were a major driver of the weaker GDP reading.
Why It Matters: While it may seem counterintuitive, increased imports negatively impact GDP, but can also indicate stronger consumer demand.
Source: SoberLook
...December 4, 2023 | U.S. Gross Domestic Product (GDP) exceeded expectations, surging +5.3% thanks to robust consumer spending and inventory restocking.
Why It Matters: This underscores the economy’s resilience driven by consumer spending – an indicator of sustained economic dynamism.
Source: SoberLook
May 1 2023 | U.S. Gross Domestic Product came in lower than anticipated and investment is showing signs of slowing down. Why it matters: The impact of higher interest rates on investments cannot be ignored, and the Fed’s projected +0.25% interest rate rise next week will only add more fuel to the fire. Source: Gavekal
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