The United States' third-quarter GDP growth rate reached an annualized 4.3%, significantly surpassing the anticipated 3.3% and the previous quarter's 3.8%. Meanwhile, the Core Personal Consumption Expenditures (PCE) index rose to 2.9%, aligning with market expectations and marking an increase from the prior 2.6%. Additionally, real personal consumption expenditures surged to 3.5%, exceeding the forecasted 2.7% and the previous 2.5%, indicating robust consumer activity.
US Q3 GDP Exceeds Forecasts with 4.3% Growth, Core PCE Aligns with Projections
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