Market Volatility and GDP Growth: What’s Next?
The Claman Countdown panelists, Jonathan Corpina and Ashish Shah, delved into the causes of market volatility and the Federal Reserve’s decision to leave interest rates unchanged. In related news, the U.S. economy’s growth in the fourth quarter was slower than expected, according to the Commerce Department’s Bureau of Economic Analysis.
The BEA’s advance estimate revealed that the U.S. economy grew at an annual rate of 2.3% in the fourth quarter, which runs from October through December. This is below the 2.6% rate predicted by economists surveyed by LSEG. The slow growth is a cause for concern and may impact the overall economic landscape.