News & Insights
Welcome to the FIA News & Insights, a one-stop resource that includes insights from senior investment professionals on timely market events, their views on the economy and their respective markets. Find updates on the latest media information on Frost Investment Advisors, LLC and the most recent reprints, as well as, archival information for your reference.
The Economy Runs Hot, Stoking Market Debate About What’s Driving Long-term Yields
The first official estimate of third quarter gross domestic product growth shows an economy running hot, once again led by spending, which accounted for more than half of total GDP growth. The 4.9% reading was up from 2.1% in the second quarter, and well ahead of the consensus forecast. Other contributors were an 8.4% jump in private domestic investment, stemming from a surge in inventories, and firmer government spending, which rose 4.6%. Personal and business spending (GDP excluding contributions from the government, inventories, and net exports), rose by a healthy 3.3%, which was an improvement from the prior quarter.
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