Chart of the Day: GDP Growth Slows in Q3

GDP growth for the third quarter clocked in at an annual rate of 1.9 percent:

A single quarter doesn’t mean much, but the average growth rate for the past 12 months is 2.0 percent. That’s not the worst thing in the world, but it’s definitely a slowdown. It’s no wonder that Donald Trump wants the Fed to reduce interest rates to -3 percent or so.

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