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October 29, 2026
U.S. GDP grew 3.4% in the third quarter, beating forecasts on strong consumer spending and AI investment
- GDP grew at a 3.4% annualized rate in the third quarter, above forecasts and up from 2.2% in the second quarter.
- Consumer spending rose 3.8%, while commercial investment excluding housing climbed 12.7%, led by a 37.4% jump in information-processing equipment spending.
- September PCE inflation rose 0.5% for the month and 3.6% from a year earlier; core PCE inflation was 3.1% year over year.
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5 Sources
- GDP report to give insight before Election Day. And, Israel's election is deadlockedOct 29, 2026 at 11:34 AM · NPR
- Federal Reserve's preferred measure of inflation rose slightly in SeptemberOct 29, 2026 at 12:36 PM · The Hill
- Third-quarter U.S. GDP increases a better-than-expected 3.4% as September inflation acceleratesOct 29, 2026 at 12:37 PM · CNBC
- US economy grew at brisk 3.4% pace in third quarter on strong consumer spending and AI investmentOct 29, 2026 at 1:00 PM · Independent
- US GDP grew by 3.4 percent in third quarter amid AI investment boomOct 29, 2026 at 2:46 PM · The Hill