Rafael Nam
๐ค SpeakerAppearances Over Time
Podcast Appearances
A slowing labor market is at the top of the list.
But for now, investors were relieved.
The economy grew at a robust annual rate of 4.3 percent in July, August, and September, thanks to strong consumer demand.
That was according to a delayed report by the Commerce Department.
The delay means that the data is actually quite old.
But at least it showed the economy was a lot better than many economists had predicted.
Stocks rose as a result, with all three indexes posting gains of over 1% for the week.
There are still areas of concern.
A slowing labor market is at the top of the list.
But for now, investors were relieved.
The economy grew at a robust annual rate of 4.3% in July, August, and September, thanks to strong consumer demand.
That was according to a delayed report by the Commerce Department.
The delay means that the data is actually quite old.
But at least it showed the economy was a lot better than many economists had predicted.
Stocks rose as a result, with all three indexes posting gains of over 1% for the week.
There are still areas of concern.
A slowing labor market is at the top of the list.
But for now, investors were relieved.
For many households across the country, it's the time of family Christmas traditions.