Preliminary third quarter data suggests economic growth topped 5%, its fastest pace since 2021. That is despite the most aggressive credit tightening by the Federal Reserve since the 1980s. It is nothing less than stunning.
In the most recent edition of the KPMG Economic Compass, Chief Economist Diane Swonk takes a closer look at the resilience of the economy, how revisions have reshaped our understanding of that resilience and how a government shutdown could distort growth.
Employment has accelerated,…
