Locator: 45835GDP.
Link here. GDPNow running 5.4%.
2Q23 ended June, 2023. We're only now getting the "third reading" -- four months out, which suggests we will get the "third reading" for 3Q23 at the end of January, 2024.
Third reading for 2Q23 -- note -- second quarter.
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VAT
The Fed is the US version of the European "VAT" tax.
And that's why "higher for longer" is in the cards.
I don't think folks understand.
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