🚨 BREAKING: US economy grew 3.4% in Q3 — beating the 3.1% forecast — but inflation stayed hot at 3.1%.
Consumer spending rose 3.8% and business investment surged 19.4%, while core PCE inflation came in exactly as expected at 3.1% over the year. With the Fed holding rates steady, markets now price an 83% chance of a December hike, and stocks slipped modestly after the data.
Strong growth, sticky inflation — the Fed's dilemma continues. 📊
Full story in the bio 👆
Follow @zimbuckapp for verified finance news daily 📈
#USEconomy #GDP #Inflation #PCE #FederalReserve #InterestRates #StockMarket #CryptoNews #Bitcoin #Zimbuck
Consumer spending rose 3.8% and business investment surged 19.4%, while core PCE inflation came in exactly as expected at 3.1% over the year. With the Fed holding rates steady, markets now price an 83% chance of a December hike, and stocks slipped modestly after the data.
Strong growth, sticky inflation — the Fed's dilemma continues. 📊
Full story in the bio 👆
Follow @zimbuckapp for verified finance news daily 📈
#USEconomy #GDP #Inflation #PCE #FederalReserve #InterestRates #StockMarket #CryptoNews #Bitcoin #Zimbuck
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