Nice week

3Q GDPNow revised up twice to 2.9% which is higher than annual growth ever achieved under 14 years of ZIRP:

Tweet: On October 7, the #GDPNow model nowcast of real GDP growth in Q32022 is 2.9%. https://t.co/T7FoDcZmZS #ATLFedResearch

Download our EconomyNow app or go to our website for the latest GDPNow nowcast. https://t.co/NOSwMkQ7XS pic.twitter.com/u6R1xLVvNK

— Atlanta Fed (@AtlantaFed) October 7, 2022

T-Bill discounts now transferring over $3.5B per week with the Fed’s latest rate increase to 3.25% operative :

Going to be increased 23% to 4% in 3 weeks… 🤑🧟‍♂️🤑🧟‍♂️🤑🧟‍♂️🤑🧟‍♂️

Unemployment fell to 3.5% a multi year low:

U.S. employers added 263,000 jobs in September as a tight labor market gradually loosens. The jobless rate fell to 3.5%. https://t.co/Ht6QOUsv7X

— The Wall Street Journal (@WSJ) October 7, 2022

And last but not least …. Good week in the equity markets:

S&P 500, DOW INDUSTRIALS AND NASDAQ SNAP THREE-WEEK LOSING STREAKS

FOR THE WEEK, UNOFFICIALLY, THE S&P ROSE 1.51%, THE DOW ADDED 1.99%, THE NASDAQ GAINED 0.73%

— *Walter Bloomberg (@DeItaone) October 7, 2022

Not too shabby….