US Q3 Advance Real GDP Annualized QoQ Hits 3.4%, Above 3.2% Expected
Bullish strength: 45/100
- Q3 GDP growth of 3.4% exceeded the 3.2% forecast.
- Economic growth accelerated from 2.2% in the previous quarter.
- Annualized Q3 core PCE inflation eased to 2.5% from 3.3% in the prior quarter.
Bearish strength: 55/100
- Annualized Q3 core PCE inflation slightly exceeded expectations at 2.5% versus 2.4%.
- September annual core PCE inflation increased to 3.1% from 3.0% previously.
- Stronger growth combined with persistent inflation could complicate the outlook for monetary policy and pressure risk assets.
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