GDPNow Estimate For 3Q23 Rises Again: Today’s Reading — 5.4% — October 17, 2023

Locator: 45803GDP.

With the economy on fire, JPow will be forced to raise rates once again. Will probably wait until after the holidays and reassess. 

Later: Investors worried the Fed will not simply be "higher for longer, but "much higher for longer." Link to WSJ.