What will the economy do for an Encore?

What will the economy do for an Encore?

October 26, 2023, 11:09 a.m. ET

Many investors are familiar with Stein’s Law, named after the late economist. Herbert Stein: “If something can’t last forever, it will stop.”

Which brings us to Thursday’s gross domestic product report. The Commerce Department reported that the U.S. economy grew at an inflation-adjusted annual rate of 4.9%, the largest gain since the fourth quarter of 2021, and much higher than the rate of less than 2 % that Federal Reserve policymakers believe it needs. sit at to avoid overheating.

Copyright ©2023 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8



With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
Back to top button