US GDP Surpasses Forecasts in Third Quarter
CBO notes long government shutdown lowered GDP, but rebound with tariff effects will boost growth.
BEA will release updated Q3 GDP estimate on January 22.
Unemployment hit its highest level since September 2021, and inflation cooled.
Economic analyst Mark Hamrick predicts clearer data next year, while Powell says growth will be solid.
Fourth-quarter estimates may be affected by shutdown and tariff-driven import volatility.
3 weeks ago