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Economic Update: September 2, 2024

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Growth 2Q24 GDP growth came in at 3.0% q/q saar, well above last quarter's 1.4%. In the details, consumer spending rose by an upward revised 2.9% due to a bounce back in spending on goods, while revisions to residential and nonresidential fixed investment lowered business spending growth to a still strong 7.5% saar. After two […]

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