Anonymous wrote:
Anonymous wrote:U.S. economy expands at an amazing 4.3%
https://www.newsmax.com/finance/streettalk/economy-gdp-growth/2025/12/23/id/1239406/
Trump is doing a wonderful job!
It's Newsmax. Show a reliable source, such as Bloomberg or CNBC. Heck, even Fox Business is more reliable than Newsmax. On fox business, their viewers are asking for cash and pay my rent as gift requests.
Those are the official numbers. NYT, WSJ, CNBC, etc.
https://www.wsj.com/economy/us-gdp-q3-2025-2026-6cbd079e
But, they don't disclose the caveats. For example, from the WSJ article linked here -
"DP reflects the total of all domestic spending plus exports. But since some domestic spending is on imported products, rather than things made in the U.S., imports are subtracted from total spending to arrive at GDP estimates. When imports go down, as they did in the third quarter, that results in an addition to GDP.
Inflation picked up as the economy grew strongly last quarter. Tuesday’s report showed prices excluding volatile food and energy categories rose an annualized 2.9% in the third quarter, picking up from 2.6% in the second quarter and still well above the Fed’s 2% target.
The numbers mark the first official government estimate of third-quarter economic growth, even though they are coming as the fourth quarter draws to a close. Like other federal data agencies, the Commerce Department has been in catch-up mode after the recent federal government closure delayed the GDP announcement nearly two months.
Other releases have raised questions about the economy’s underlying strength in recent months.
The jobs market has weakened, with unemployment rising in November to 4.6%, the highest level in more than four years. Retail sales have decelerated even as upper-income households keep spending, and some retailers like Home Depot have reported downbeat earnings and projections.
Inflation is hovering above the Federal Reserve’s 2% target, though the latest report, for November, showed consumer prices rose a smaller-than-expected 2.7% from a year earlier. Economists cautioned, however, that this number was distorted by data-collection challenges during the shutdown.
Businesses have been uncertain about how much in tariff costs to pass along to consumers, making it difficult to gauge the full impact of Trump’s tariff policies on prices."