![]() The expectation that the economy won’t pick up even more strength may keep the Federal Reserve on track to cutting rates sometime in 2024, since red-hot demand outpacing supply could be maintaining some upward pressure on prices. Some investors say an end-of-year stock rally may be on the table, too. The economy is expected to keep growing through the end of the year, though at a slower rate. It’s the broadest measure of economic output, and it’ll likely show that the US economy expanded at a staggeringly rapid pace from July through September, despite higher interest rates, depleted pandemic savings and high inflation. ![]() The Commerce Department is set to report third-quarter gross domestic product Thursday.
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