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Strong Growth Data: No Soft Landing for Inflation

Posted on AllSides October 26th, 2023
From The Right
Evelyn Hockstein/Reuters

For those who follow closely the Atlanta Fed’s invaluable GDPNow estimate, today’s 4.9 percent real annual growth rate for the third quarter was a slightly negative surprise, as the mavens in Atlanta expected the number to be north of 5 percent. But for virtually everyone else who has been dining on a steady diet of “soft landing” rhetoric from Fed watchers, it was a major upside surprise. So, what’s going on?

The bottom line is that there are two parts to the story, one short run and transitory and the other...

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