More Evidence That Inflation Is Slowing, While The US Economy Grew Even Faster Than First Estimated 3Q-23

Real gross domestic product grew at a revised annual rate of 5.2% during the 3Q-23, according to the second estimate from the Bureau of Economic Analysis, released Nov. 29. The BEA’s “advance” first estimate was for growth of 4.9%. Growth during 2Q-23 was 2.1%. The BEA said spending by state and local governments and nonresidential…