US GDP Growing At An Incredible 3% Pace!
US GDP Growing At An Incredible 3% Pace! The data suggests that the Fed should be reducing rates, but why isn’t Jerome Powell budging?
GDP 3% Ohh Dang that’s a nice. GDP 3% ohh, Dang, that’s a that’s a nicely moving economy right there. That’s things happening. That’s money getting spent that should mean creation 3% for a nation like ours with the level of output that we have, 3% is a nice, ice number, but we got to 3% with tariffs when the expectation from the economists was 2.3%. We’re beating the expectations. Yet I could show you other spots of this economy that don’t seem to jive up to that. When I tell you that I spend the time trying to understand, I spend the time digging in. Nothing makes sense. Trump is a genius. Well, that could very well be it. Or maybe some things haven’t yet happened. That will then give us a more honest estimate of what’s happening. But how do you argue with a 3% GDP? I mean, how do you do this? Dr Matt Will joins me, economist at the University of Indianapolis. I know we just spoke the other day about some of the things that that are going on, specifically the trade deal with the European Union. Um, which has in it some things that make you say fantastic. But if we’re talking about the buying of energy from the United States, where also you can buy energy from when they clearly can’t buy energy from the Russians. Even India is now getting a hit from the United States and buying oil from the Russians. We’ll get into it, but GDP at 3%, the estimate from economists was 2.3%. Breakdown the numbers. What is it that you see?
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