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

• 2024 US GDP forecast unchanged at 1.5%
• 2025 GDP seen at 2.2% vs 2.4% prior
• 2023 core PCE seen at 3.4% vs 4.1% in July forecast
• 2024 core PCE seen at 2.4% (same as FOMC forecast)

Lower inflation, higher growth, what's not to like?