Is Not Broke – Recession Proof Wallet

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.

The market’s recent bounce may be a sign that the recession narrative has been put on hold, at least for now.

Investors are trying to determine where Treasury yields will go

Why the US deficit poses long-term economic risks