Real GDP advances in the third quarter in the US by 3.4%, above 3.2% expected The early estimate of real GDP in the US for the third quarter expanded at an annual quarterly rate of 3.4%, exceeding the forecast of 3.2% and accelerating from the previous quarters by 2.20%. Meanwhile, the preliminary reading for the annual core PCE price index in the third quarter came in at 2.5%, slightly above the estimate of 2.40% but down from 3.30% in the previous quarter. For September, the monthly core PCE price index rose 0.3%, matching the forecast of 0.30%, while the prior months figure was revised upwards from 0.20% to 0.3%. The annual core PCE rate for September was printed at 3.1%, meeting the consensus of 3.10% and up from 3.00% previously. Analysts noted that US third-quarter GDP beat expectations while September inflation accelerated at the same time, in line with market consensus. - Link.

Real GDP advances in the third quarter in the US by 3.4%, above 3.2% expected The early estimate of real GDP in the US for the third quarter expanded at an annual quarterly rate of 3.4%, exceeding the forecast of 3.2% and accelerating from the previous quarters by 2.20%. Meanwhile, the preliminary reading for the annual core PCE price index in the third quarter came in at 2.5%, slightly above the estimate of 2.40% but down from 3.30% in the previous quarter. For September, the monthly core PCE price index rose 0.3%, matching the forecast of 0.30%, while the prior months figure was revised upwards from 0.20% to 0.3%. The annual core PCE rate for September was printed at 3.1%, meeting the consensus of 3.10% and up from 3.00% previously. Analysts noted that US third-quarter GDP beat expectations while September inflation accelerated at the same time, in line with market consensus. - Link.