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MAGA Economy Is Healthier Than We Thought. Kinda, Sorta, Maybe.
There was good news for the domestic economic narrative in the second estimate for third quarter GDP, although it will be summarily written off as a function of inventory buildup and overshadowed by an expected deceleration in the fourth quarter.
The US economy grew an annualized 2.1% during Q3, better than the 1.9% reported in the first read late last month. That's near the top end of the range from 69 economists. The Q2 print was revised to 2%.
This comes as something of a relief, at least i
