Q3 GDP rose 3.4%, but September inflation ran hotter
The economy grew faster than expected last quarter, while September prices rose 3.6% from a year earlier and real spending stalled.
The U.S. economy grew faster than expected last quarter. It also got more expensive in September. Both facts came out on the same morning, and they pull in different directions.
Start with growth. According to the Bureau of Economic Analysis (BEA) advance estimate, released on Oct 29, 2026, real GDP rose at a 3.4% annualized rate…
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