News
🚨 🇺🇸 US Q3 GDP beats at 3.4% as consumers spend, September PCE inflation in line at 3.6%
🚨 🇺🇸 US Q3 GDP beats at 3.4% as consumers spend, September PCE inflation in line at 3.6%
- 🇺🇸 Q3 GDP grew at a 3.4% annualised pace in the first estimate against 3.2% expected, up from 2.2% in Q2 (BEA, )
- 🇺🇸 Consumer spending rose 3.8% against 3.4% expected, while the GDP price index slowed to 2.3% against 3.2% expected and core PCE ran at 2.5% on the quarter (2.4% expected)
FO view: Solid growth and a tight labour market keep the Fed's two hike dissents from last night relevant, but core inflation landing exactly on forecast gives no fresh push for tightening, so the front end can ease while the dollar holds near its.
Not investment advice.