Earth to Fed! Nominal GDP Surges Over 8% in Q3

Joe Carson
12 minutes ago
1 min read

Nominal GDP increased at an annual rate of 8.2% in Q3, after a 6% annualized rise in the previous quarter. These consecutive strong increases in nominal economic activity are the largest since 2022. Monetary policy affects nominal spending, and the Nominal GDP/Fed Funds rule suggests that the current monetary policy stance is "far too easy". GDP price Index +3.7%. Earth to Fed!

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Earth to Fed! Nominal GDP Surges Over 8% in Q3

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