US CBO boosts 2023 US GDP growth forecast to +2.5% from +0.9% in July

<ul><li>2024 US GDP forecast unchanged at 1.5%</li><li>2025 GDP seen at 2.2% vs 2.4% prior</li><li>2023 core PCE seen at 3.4% vs 4.1% in July forecast</li><li>2024 core PCE seen at 2.4% (same as FOMC forecast)</li></ul><p>Lower inflation, higher growth, what's not to like?</p>

This article was written by Adam Button at www.forexlive.com.