Last Friday, the BEA revealed that the US economy had increased at the seasonally adjusted annual rate of 1.4% in Q4/2025. If it had not been for the government shutdown that stretched from October 1 through November 12, which subtracted 1.15 percentage points from overall growth in a self- inflicted manner, thus excluding federal government spending, real growth would have tracked a 2.6% annual rate – right in the range of forecasts made by most economists…
A Macro Market View by Hubert Marleau
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