U.S. GDP Grew 3.4% as September Inflation Accelerated — SkimNews
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- U.S. GDP increased 3.4% in the third quarter, beating expectations as business, consumer and A.I. spending powered the fast summer expansion.
- September inflation accelerated alongside the 3.4% GDP gain, providing a counterpoint to the otherwise strong growth picture.
Why it matters: Consumers and businesses powered the 3.4% third-quarter expansion, with A.I. spending also identified as a contributor. September inflation’s acceleration is the material counterweight: activity strengthened without price pressure receding at the same time in the latest U.S. picture.
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