Third-quarter U.S. GDP increases a better-than-expected 3.4% as September inflation accelerates
Summary
The American economy grew at an annualized rate of 3.4% during the third quarter, surpassing initial forecasts. At the same time, inflation showed signs of acceleration as the personal consumption expenditures price index moved upward.
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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