US economy grows 3.4% in third quarter; September inflation edges up
Commerce Department data showed GDP growing at a 3.4% annualized rate in the third quarter, above the roughly 3.2% economists expected and up from 2.2% in the second quarter. Consumer spending rose 3.8%. Annual PCE inflation accelerated to 3.6% in September, and core PCE rose to 3.1%.
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- Axios (axios.com)
- Investing.com (investing.com)
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