US Q3 Advance Real GDP Annualized QoQ Hits 3.4%, Above 3.2% Expected The advance estimate of US real GDP for the third quarter expanded at an annualized quarterly rate of 3.4%, topping the 3.2% forecast and accelerating from the previous quarter’s 2.20%.
Meanwhile, the advance reading for the Q3 annualized core PCE price index came in at 2.5%, slightly above the 2.40% estimate but down from 3.30% in the prior quarter
For September, the monthly core PCE price index rose 0.3%, matching the 0.30% expectation, while the previous month’s figure was revised upward from 0.20% to 0.3%. The annual core PCE rate for September printed at 3.1%, meeting the 3.10% consensus and edging up from 3.00% previously. Analysts noted that US third-quarter GDP beat expectations while September inflation accelerated in tandem, matching market consensus. — link