A love song for economist Fredrich Hayek

Wall Street was anticipating today’s third-quarter GDP report to be a monster print, but the figure arrived even hotter than expectations. The report showed persistent consumer spending, which is anchoring hawkish monetary policy expectations despite the data providing favorable inflation news.

It appears the US is on the path to completing trade deals with the largest countries in the world which will change the terms of trade between the respective areas. And then there was the signing of the Genius Act.

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