GDP Number Implies Future Weakness: Analyst

Don Ma
By Don Ma
October 28, 2022NTD Businessshare

The US third quarter GDP number released today possibly offers evidence that the economy is not in a recession. However, some analysts warn that the risks of a downturn have increased, as the Fed doubles down on rate hikes. Still there’s also a chance the fed could get more dovish after this report.

Jim Iuorio, the managing director of TJM Institutional Services, shares what he reads behind the apparent optimistic GDP number.

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