Latest / Markets with Megan: A Quick Financial Markets Update
Consumer Power: How Q4 GDP Reflects Economic Strength | Episode 093 | 01-25-24
Megan Horneman, Chief Investment Officer at Verdence Capital Advisors, breaks down the latest fourth-quarter GDP report in today's episode. The report exceeded expectations with a 3.3% growth rate, outperforming the forecasted 2%. Consumer strength, contributing 70-75% to the economy, remains robust, while government spending, net exports, and domestic investment play pivotal roles in economic growth. Despite concerns about escalating government spending and a worsening deficit, the Fed finds comfort in the 2% core PCE index. The markets respond positively, aligning with the soft landing…
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