In today's episode, Megan Horneman the Chief Investment Officer at Verdence Capital Advisors, discusses the revised second reading of the third-quarter GDP  The initial 5 percent reading has been revised to 5.2 percent, marking the best quarterly performance since Q4 2021.  Private investment soared in both residential and non-residential structures. Government spending surpassed expectations, while inventories notably increased. However, Megan mentions about how personal consumption, a major GDP component, saw a downward revision.  Regarding inflation, the personal consumption expenditures for the quarter are indicating a downward trajectory, aligning with other reports that suggest a decrease in inflation. Megan suggests a steady course for the Fed, with the December meeting likely to leave things unchanged.  Stay tuned for more updates this week! We'll be talking about crucial data on inflation, personal income, and spending, as well as the ISM Manufacturing Report. For questions or comments, feel free to reach out to us at podcast at verdence dot com.

https://youtu.be/OV3Tx3iLlSw

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