U.S. Secretary of the Treasury Scott Bessent speaks to the news media about the latest tariff announcement from President Donald Trump, at the White House, in Washington, D.C., U.S. April 9, 2025.Treasury Secretary Scott Bessent told CNBC's "Squawk Box" on Thursday that U.S. economic growth could be hurt by the government shutdown."This isn't the way to have a discussion, shutting down the government and lowering the GDP," Bessent said during a live interview. "We could see a hit to the GDP, a hit to growth ...

Economic Data Analysis - September showed contradictory economic data with poor job market statistics and significant job revisions by the Bureau of Labor Statistics (BLS) for the past 12 months [1] - Recent consumer data indicates a shift in economic sentiment, suggesting potential changes in consumer behavior [1]

Group 1 - Jim Wyckoff has over 25 years of experience in stock, financial, and commodity markets [1] - He has worked as a financial journalist and covered various futures markets in the U.S. [1] - Jim is the proprietor of an analytical, educational, and trading advisory service [2] Group 2 - He has held positions as a technical analyst for Dow Jones Newswires and as a senior market analyst with TraderPlanet.com [2] - Jim has also been a consultant for the "Pro Farmer" agricultural advisory service [2] - He was the head equities analyst at CapitalistEdge.com [2] Group 3 - Jim provides daily market roundups and technical analysis on Kitco.com [3]

Core Insights - The gross domestic product (GDP) grew at an annual rate of 3.8% from April to June, an increase from the previous estimate of 3.3% [1] Economic Indicators - The upward revision in GDP growth is attributed to higher consumer spending [1]