U.S. GDP rises by 4.3% in 3Q, fastest pace in two years
Bloomberg · New
Bloomberg
New
The U.S. economy expanded in the third quarter at the fastest pace in two years, bolstered by resilient consumer and business spending and calmer trade policies. Inflation-adjusted GDP rose by 4.3% beating estimates of 3.3%. Former Fed Economist Vincent Reinhart reacts on "Bloomberg Surveillance."
Breakdown
- U.S. GDP for Q3 rises 4.3%, beating expectations 22s
- Durable goods orders fell 2.2% despite strong GDP 45s
- Two-year Treasury yields rose to 3.50-3.51% after GDP data 1m 2s
- Analysts note disconnect between GDP growth and employment 1m 45s
- Strong GDP data intensifies divisions among Fed officials 3m 3s