Sam Price Discusses U.S. Economic Growth and Interest Rate Outlook

According to Twitter user Sam Price, the U.S. economy continues to grow, with the S&P Global October Composite PMI preliminary reading reaching 57.6, marking the second highest growth rate since March 2022. However, selling prices have risen at the fastest pace since August 2022, driven by increases in oil prices, fuel, and shipping costs. S&P notes that its policy indicators show interest rates are still in an upward range. The 10-year Treasury yield closed at 4.99% this week.

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