Two more Q4 growth revisions are expected, with the Fed projecting a significant decline. However, recent data indicates sustained high growth. Strong employment, inflation, and growth data surpassing Fed expectations, might lead Powell to shift from a dovish to a hawkish tone at the upcoming Fed rate meeting. #USGrowth #EconomicData #FedProjections #Inflation #Employment #Hawkish #Dovish #FedRateMeeting

Yesterday, preliminary data on US 4th quarter 2024 growth exceeded expectations, reaching 3.3%. The Fed's December projections anticipated 2.6% for 2023 and 1.2% for Q4. #USGrowth #EconomicData #FedProjections #Inflation #Employment #Hawkish #Dovish #FedRateMeeting