Latest economic updates for the past week.

 Q2 US GDP growth: 2.1%

As stated previously, the US GDP growth would deteriorate in the 2nd half of 2023 compared to the 1st half.

https://sg-stock.blogspot.com/2023/09/3-important-economic-statistics-for.html

Where's the proof?

The US consumer credit had peaked and would decline as it was unsustainable over a long period.  A recession would follow whenever the consumer credit was in a decline as shown on the chart below.

The consumer credit had started to decline (below 0%) as shown on the chart below.

As stated previously, there won't be any significant fall in the US inflation anymore.

https://sg-stock.blogspot.com/2023/08/us-inflation-is-going-to-remain.html

The latest PCE chart corroborated our prognosis for the US inflation.