Economy grew at a 3.5 percent in 3rd Qtr

[tsptalk]

Yes, this is rear-view mirror data and the economic forecasts may be weakening, I don't know, but 3.5% is nothing to sneeze at. Perhaps it's too fast for the Fed and they may continue to put their foot on the breaks in the way of tightening rates, and that's the problem.


The US economy grew at a 3.5% pace in the third quarter, faster than expected

- Gross domestic product expanded by a 3.5 percent annual rate. Economists polled by Dow Jones expected the economy to expand by a 3.4 percent annual rate.

- The department said the PCE price index, a key measure of inflation, increased by 1.6 percent last quarter, much less than the 2.2 percent increase expected by economists polled by StreetAccount.

- Consumer spending, which accounts for more than two thirds of U.S. economic activity, grew by 4 percent in the third quarter, the strongest since the fourth quarter of 2014.

 

[RealMoneyIssues]

Well, one the Fed screws up the economy by inverting the yield curve, they will go home feeling much better about themselves in how they averted inflation (or possibly deflation) but caused a recession in the process... what do they care ;swear

Yes, this is rear-view mirror data and the economic forecasts may be weakening, I don't know, but 3.5% is nothing to sneeze at. Perhaps it's too fast for the Fed and they may continue to put their foot on the breaks in the way of tightening rates, and that's the problem.


The US economy grew at a 3.5% pace in the third quarter, faster than expected

 

[DreamboatAnnie]

So True! we are approaching inversion, but I get the feeling that just with what they are NOW saying about future rate increases, this has launched the current drop.

Well, one the Fed screws up the economy by inverting the yield curve, they will go home feeling much better about themselves in how they averted inflation (or possibly deflation) but caused a recession in the process... what do they care ;swear

 

[Khotso]

Good caveat. I know yield curve inversions typically precede recessions. Is there a website/source where one can easily monitor yield trends for short vs long-term securities? Something to watch for sure.

 

[tsptalk]

I found this...

https://www.crystalbull.com/stock-market-timing/Yield-Curve-chart/

 

[DreamboatAnnie]

I watch FBN ticker as it continuously runs the daily yields for at least 2 or 3 of the 2, 5, 10 and 30 year interest rates.
You look to see if the shorter term yields get higher than the longer term yields. Or look at the charts for these.

Seems like many on FBN mention and seem to concentrate on looking at the 2 year in comparison to 10 year. Here is a good article on it.

https://www.thebalance.com/inverted-yield-curve-3305856