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LAST UPDATE:11/28/2024
CQM 20241129 CQM 20241129

CQM significantly revised economic growth rate on both the expenditure and income sides. The average growth rate of real GDP on both sides was adjusted up from 1.39% to 2.45%. The CQM clearly shows that the economy began to expand in November. On the other hand, PCA revised economic growth rate only by 0.10% from 1.03% to 1.13% mainly due to the update of real money supply in October. However, PCA will revise up economic growth by updating November S&P500 and employment. We can conclude that the U.S. economy is expanding in 2024Q4.


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