America’s economy is powering ahead even as inflation re-accelerates.

[IroNat]

America’s economy is powering ahead even as inflation re-accelerates. Third-quarter GDP grew 3.4% annualised, beating the 3.1% forecast and the previous quarter’s 2.2%, with the AI build-out doing the heavy lifting: investment soared 19.4% and equipment spending jumped 20.9%. Meanwhile, September’s PCE inflation hit 3.6%, with core at 3.1%, a day after the Fed held its benchmark rate at 3.75-4%. A December rate rise is now firmly in play.

financebureau.com