The US Economy Just Sped Up to 3.4% Growth, and It Could Push Fed Chair Kevin Warsh Toward a December Rate Hike
GDP grew at a 3.4% annualized pace in the third quarter, ahead of the 3.1% economists expected, and CME FedWatch now shows a nearly 87% chance of a December hike. Eric Bleeker explains why good economic news is bad news…
Eric Bleeker, CFA has been investing for more than 20 years. He began his career working at Microsoft before joining Motley Fool, one of the largest publishers of financial research. In his 15 years at Motley Fool Eric served as the General Manager for Fool.com and led coverage in the Technology & Telecom sector. In addition, he was a featured columnist and has hosted dozens of investing seminars attended by more than a million total investors. Eric has more than 1,000 financial bylines to his name and has been featured in The Wall Street Journal, CNBC, Fox Business, and many other leading publications. He is currently focused on artificial intelligence investing and is a CFA Charterholoder.
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