US Economy Grew 3.4% in the Third Quarter, Fed's Favorite Inflation Gauge Matches Forecasts
The US economy grew 3.4% annualized in the third quarter, beating the 3.2% forecast, while September PCE inflation rose 3.6%, matching expectations.
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Why It Matters
The US economy grew faster than people expected this summer. Prices are going up at the speed experts thought they would.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only. Not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.