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Economic Pulse: Week of 8/30/24

DJIA rose by 10% in the first 8 months of this year.

The economy is growing at a very healthy rate of 3.1% over the last 4 quarters; in fact the economy has shown an average growth rate of 2.7% over the previous 4 quarters since the beginning of 2023, resulting in a $1.7 trillion increase in personal disposable income, that is income after tax. We have, of course, spent 9 out of every $10 increase in our income! And these expenditures have increased business earnings, improving the conditions for stock prices to rise.

Click here for the latest Lehigh Valley Economic Review.

Listen to Economic Pulse Fridays at 5:44 PM during All Things Considered; Mondays at 7:30 AM during Morning Edition.

(Original air-date: 8/30/24)

Dr. Kamran Afshar is the host of the weekly WDIY feature Economic Pulse, and he currently serves on the Board of Directors for the Lehigh Valley Community Broadcasters Association as a Vice President.
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  • The Lehigh Valley business sentiment is in a shallow down-trend. Dr. Kamran Afshar takes a look at this and more in his synopsis of this week's economic news and trends across the Lehigh Valley and nation.