US economic growth is still on track to expand at a moderate pace in the third quarter, based on the median estimate for a set of nowcasts compiled by CapitalSpectator.com. The upbeat outlook follows last week’s decision by the Federal Reserve to cut its target interest rate to address concerns that the labor market is cooling.
Daily Archives: September 24, 2025
Macro Briefing: 24 September 2025
US economic growth cools in September, according to the Composite PMI Output Index, a survey-based GDP proxy. Although the pace downshifted for a second month, “Further robust growth of output in September rounds off the best quarter so far this year for US businesses,” says Chris Williamson, chief business economist at S&P Global Market Intelligence.
