Friday, January 17, 2025

Biden Leaving Office With US Economy In Great Shape -- Along With All The Other Good News, GDPNow Forecasts 3.0% Growth For President Biden's Last Quarter -- January 17 , 2025

Locator: 44703ECONOMY.

The new president is going to have some incredible numbers to beat:

  • employment continues to grow; most recent report, unemployment ticked lower;
  • inflation story is however one wants to interpret the numbers
  • the equity markets are at near-all-time highs
  • for savers, they haven't had it this good in quite some time
  • the price of gasoline, though expensive, has been trending down
  • and, now, most recent GDPNow figures suggest a 3.0% growth rate for Biden's last quarter as president.

I'm not saying it's the greatest economy of all times, but these are pretty good numbers with which the incoming president's numbers will be compared.


Other data points:


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