U.S. GDP Rises 3.4% as Inflation Accelerates — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- U.S. GDP increased 3.4% in the third quarter, a better-than-expected result.
- September inflation accelerated alongside the stronger third-quarter growth figure.
Why it matters: For U.S. consumers, the better-than-expected 3.4% third-quarter GDP gain indicates stronger activity, with consumer spending pushing growth higher. Faster September inflation qualifies that positive picture with rising prices, leaving consumers with an economy that is expanding but also more expensive.
Ask SkimNews
