A secret the media does not report….
The monthly economic figuires dumped to the media are ALWAYS ‘ajusted’ a month later….
Most Americans do NOT believe blaring headliones that the economy is getting ‘better’….
It isn’t to them…
They have to still spend more money for the same thing or less these days….
So?
It is no surprise that the actual economy growth annouced for last 3 months is actually less….
Ole’ Jerome and the Federal Reserrve is actually making things WORST…
Their efforts have had no effect on rising prices which businesses KNOW they can get away with….
The US economy grew at a 2.7% annual rate in the final three months of the year, the Commerce Department reported Thursday. That’s less than the previous estimate of 2.9% growth in the quarter.
The slower increase in gross domestic product, a broad measure of economic activity, could be a sign that the Federal Reserve’s series of steep interest ratehikes are having more of an impact than previously thought.
Other recent economic readings, including the very strong January jobs report and a strong rebound in retail sales, suggest the Fed could do more to try to beat back inflation through higher interest rates meant to slow the economy.
The Fed’s most recent rate hike earlier this month was only a quarter of a percentage point, the smallest increase in its benchmark rate in nearly a year.
While the slower pace of overall growth might seem like good news for those who think the Fed should continue to go slow on future rate hikes, the report also had some bad news on the inflation front….
…
“We expect jobless claims to trend higher as the economy slows in response and eventually enters a mild recession later this year,” she wrote. “But the rise may be muted compared to prior recessions as employers will be reluctant to lay off workers that have been difficult to find in the first place.”….