The U.S. economy proves to be more resilient than many have suspected in recent months

Nothing seems normal about this economy. So many contradictions, including the Q3 GDP numbers. What is holding these growth numbers up besides all the liquidity from the government still not spent? What is the likelihood the Fed keeps raising rates until the numbers turn and then it's going to be a hard stop as high interest rates coupled with no more stimulus funds available creates accelerated job losses, credit delinquencies, and material drops in GDP?

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John Tyson
CFO;Chief Financial Officer
Altamaha Bank & Trust Company
Vidalia, GA
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Original Message:
Sent: 10-27-2022 13:12
From: Neil Stanley
Subject: The U.S. economy proves to be more resilient than many have suspected in recent months

Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the third quarter of 2022. Looks like we might be moving towards more normality.

https://www.bea.gov/news/2022/gross-domestic-product-third-quarter-2022-advance-estimate

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Neil Stanley
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