The second estimate of third quarter real GDP growth was unchanged at 2.8% quarter-over-quarter (annualized) – in line with the consensus forecast. Looking under the hood, consumer spending was revised down to 3.5% (from the prior estimate of 3.7%), but this was entirely offset by an upgrade in non-residential fixed investment (3.8% vs. the prior […]
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In the final stretch of its four-year term in the White House, the Biden administration has taken multiple steps to crack down on various “junk fees” airlines try to quietly add to the main fare. Read more…
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