U.S. GDP growth BEATS expectations at 3.4%, while PCE inflation matches forecasts. - Q3 GDP growth: 3.4% vs. 2.2% prior - Headline PCE YoY: 3.6% vs. 3.6% expected and 3.4% prior…
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🚨BREAKING: U.S. GDP growth BEATS expectations at 3.4%, while PCE inflation matches forecasts. - Q3 GDP growth: 3.4% vs. 2.2% prior - Headline PCE YoY: 3.6% vs. 3.6% expected and 3.4% prior - Core PC…
🚨BREAKING: U.S. GDP growth BEATS expectations at 3.4%, while PCE inflation matches forecasts. - Q3 GDP growth: 3.4% vs. 2.2% prior - Headline PCE YoY: 3.6% vs. 3.6% expected and 3.4% prior - Core PCE YoY: 3.1% vs. 3.1% expected and 3.0% prior Both annual inflation readings accelerated, a day after the Fed held rates steady. Resilient growth supports company earnings, but persistent inflation gives the Fed LESS reason to cut. Stocks and crypto could benefit from economic strength, while higher rate expectations could limit gains.
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