GDP Upswing: Revealing the Strongest Quarterly Reading Since 2021 | Episode 077 | 11-29-2023

Markets with Megan: A Quick Financial Markets Update · Nov 29, 2023 · 2m · transcript

In today's episode, Megan Horneman the Chief Investment Officer at Verdence Capital Advisors, discusses the revised second reading of the third-quarter GDP The initial 5 percent reading has been revised to 5.2 percent, marking the best quarterly performance since Q4 2021. Private investment soared in both residential and non-residential structures. Government spending surpassed expectations, while inventories notably increased. However, Megan mentions about how personal consumption, a major GDP component, saw a downward revision. Regarding inflation, the personal consumption expenditures for…