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November 3, 2021

Early economic data for the month of October is showing an improvement from the third quarter, which matches the market signals over the last month.

The official confirmation that economic growth slowed in the third quarter was released this week as the GDP report showed that the annualized growth in Q3 was 2.0% compared to 6.7% in Q2.  The year-over-year growth rate declined to 4.9% from 12.2%.    Source: FRED. This decline in activity was well anticipated by investors and...
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