US: Growth likely will be weak in Q1-2023 – Well Fargo – by MSalordFX UnitedStates GDP Banks Growth
at Wells Fargo point out the outturn represents the second consecutive quarter of above-trend GDP growth. However, they warn that while the economy came into the fourth quarter with solid momentum, it ended the quarter with a distinct loss of momentum.“The outturn was a bit stronger than the consensus expectation of 2.6% growth, and it represents only a modest downshift from the 3.2% growth rate that was registered in the third quarter.
by a combined amount of 75 bps at the next three policy meetings—will exert further headwinds on the economy.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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