Latest / Markets with Megan: A Quick Financial Markets Update
Q3 GDP Results: Personal Spending and Economic Trends | Episode 063 | 10-26-23
Megan Horneman, Chief Investment Officer at Verdence Capital Advisors, discusses the recently released third-quarter GDP report. The GDP growth came in at an impressive 4.9%, exceeding expectations of 4%. The growth is primarily attributed to a significant increase in personal spending, which hasn't been seen to this extent since the fourth quarter of 2021. Megan highlights the inflation component of the report, showing a notable deceleration from the previous quarter. However, she expresses concerns about service inflation, particularly noticeable for those renewing homeowners' insurance…
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