The US economy slowed less than expected last quarter

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Your Daily Brief For March 22nd

Fresh data out on Thursday [showed](https://www.cnbc.com/2023/01/26/gdp-q4-2022-us-gdp-rose-2point9percent-in-the-fourth-quarter-more-than-expected-even-as-recession-fears-loom.html) that US economic growth slowed less than expected last quarter.

**What does this mean?**

Rate hikes are one of the main weapons the **Federal Reserve** (the Fed) has in its war on inflation, and it hasn’t been particularly shy about firing them off. But while the economy’s sustained some damage, it still managed to stay on its feet last quarter. After all, a key measure of consumer spending – which makes up the lion’s share of the economy – increased by just over 2%. That’s less than economists expected, sure, but growth is growth. Government spending took its biggest leap in almost two years too, and compan

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encryptedEmail

ContentPieceQuery

viewer

query ContentPieceQuery(
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  $encryptedEmail: String
) {
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        isAnonymous
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      ...SingleContentPiece_authorization
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        __typename
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}

fragment AudioOnlyBanner_contentPiece on ContentPieceInterface {
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}

fragment Avatar_image on URLImage {
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}

fragment Block_block on ContentPieceBlock {
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}

fragment ContentHeader_contentPiece on ContentPieceInterface {
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}

fragment ContentMetadata_contentPiece on ContentPieceInterface {
  __isContentPieceInterface: __typename
  byline
  consumptionTime
  dateUpdatedDisplay
  contentPieceType {
    name
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}

fragment ContentPieceExploreMore_content_3M8Ve6 on Content {
  moreContentPiecesOfSameType: contentPieces(first: 5, filterByTypeOfId: $contentPieceId) {
    edges {
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}

fragment ContentPieceSEO_contentPiece on ContentPieceInterface {
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  firstPublishedAt
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}

fragment ContentPieceSponsor_contentPiece on ContentPieceInterface {
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fragment DefaultContentHeader_contentPiece on ContentPieceInterface {
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fragment EvergreenContentHeader_contentPiece on ContentPieceInterface {
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fragment ImageBlock_block on ImageBlock {
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fragment KeyInsightsBlock_contentPiece on ContentPieceInterface {
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}

fragment KeyInsightsCarousel_contentPiece on ContentPieceInterface {
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}

fragment KeyInsights_contentPiece on ContentPieceInterface {
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}

fragment ListenButton_contentPiece on ContentPieceInterface {
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}

fragment MainContentSection_contentPiece on ContentPieceInterface {
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fragment MoreContentSection_content_11DhN6 on Content {
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}

fragment QuoteBlock_block on QuoteBlock {
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}

fragment ServerImage_image on URLImage {
  full
}

fragment SingleContentLarge_contentPiece on ContentPieceInterface {
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  byline
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  headerImage {
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  hasChapters
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  canonicalLink
}

fragment SingleContentPiece_authorization on Authorization {
  roles {
    isPreviewingContentAllowance
    isPreviewing
    isAnonymous
    hasPremiumSubscription
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}

fragment SingleContentPiece_contentPiece on ContentPieceInterface {
  __isContentPieceInterface: __typename
  ...AudioOnlyBanner_contentPiece
  ...MainContentSection_contentPiece
  globalContentPieceId
  trackingTitle
  isPremium
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  hasChapters
  hasAudio
  contentPieceType {
    name
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  chapters {
    __typename
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}

fragment SingleContentPiece_content_11DhN6 on Content {
  ...MoreContentSection_content_11DhN6
  anonymousUserHasPremium
}

fragment TextBlock_block on TextBlock {
  textMarkdown
}


Easy Does It For The US Economy

Easy Does It For The US Economy

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Your Daily Brief For March 22nd

The Two Big Risks Ahead For US Banks, And What It All Means For Your Portfolio