Third-quarter U.S. GDP increases a better-than-expected 3.4% as September inflation accelerates
Summary
The United States economy grew at an annualized rate of 3.4 percent during the third quarter, surpassing initial forecasts. Meanwhile, economic data shows that the pace of inflation picked up over the course of September.
The personal consumption expenditures price index was projected to increase 0.5% in September for an annual rate of 3.7%, according to the Dow Jones consensus.
Source: Read the full story at Economy
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