Economic overview and forecast for 3rd quarter 2024

October 16, 2024

The U.S. economy experienced solid growth in the third quarter of 2024, but unemployment data pointed to a cooling economy and a softening labor market.

Domestic production growth was slightly below expectations in the quarter. Broad increases in personal spending, exports and government spending contributed to GDP growth while a downturn in private inventory investment and rising imports was a drag on GDP.

Honkamp Shareholder Rob Leibfried shares the third quarter’s economic highlights and forecasts for the remainder of the year: Economic overview and forecast for the third quarter of 2024

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