2024-06-26 02:20:00 ET
Summary
- Growth peaked on a quarter over quarter seasonally adjusted annual rate in Q3 last year at 4.9%.
- One area of uncertainty is the spend rate for the IRA and CHIPs Act. While we believe the current administration will keep spending high through the election, next year is more uncertain.
- Inflation, on the other hand, continues to be firm and looks set to accelerate. CPI in May is running at 3.25%.
By Douglas R. Terry, CFA
Highlights
- Growth to slow
- Inflation sticky
- Dollar firm
- Interest rates peaked but higher for longer
Read the full article on Seeking Alpha
For further details see:
Q3 2024 Cyclical Outlook