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United States

Report | GDP growth supports of view of a good but not great economy

Summary

​The economy's performance in the third quarter reaffirms our view that economic growth is firming, with some upside risk to the outlook, but it is not as strong as the headline growth rate indicates.

Barring any surprises, the data to be released this week will provide the Fed with the fodder that it needs for a rate hike in the fourth quarter. The focal point will be the employment situation release on Friday. 

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