U.S. GDP Rises 3.4% as September Inflation Accelerates — SkimNews
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- U.S. GDP increased 3.4% in the third quarter, beating expectations, while September inflation accelerated.
- U.S. economy was powered by robust consumer spending and AI-related investment during the third quarter.
Why it matters: Robust consumer spending helped deliver the 3.4% third-quarter gain, while AI-related investment supplied another source of growth. Faster September inflation leaves U.S. consumers with a mixed picture: the economy grew 3.4%, but price pressures accelerated in the same quarter rather than easing.
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