Economy grew 3.4% in 3rd quarter, fastest pace in a year
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Bond yields drop with growth expectations as investors buy up the debt, betting it will perform better than shares. The rush out of stocks this week is smaller than the one this summer, but the entry into bonds is enough to suggest investors are seeking ways to protect themselves from their significant exposure to AI.
The US economy continues to grow at a strong clip; however, fast-rising gas prices helped to lift inflation in September to a four-month high, new data showed Thursday.
The United States posted strong economic growth in the third quarter, but the Fed's preferred inflation gauge also accelerated, the Commerce Department said on Thursday, in a mixed economic bag for US President Donald Trump ahead of key midterm polls next week.
The U.S. economy grew 3.4% in Q3, surpassing expectations despite challenges. Discover key factors driving this growth and what it means for the future.
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What to know about the US economy as midterm elections near
Inflation is weighing on shoppers, but the economy continues to grow.
The AI boom shows no sign of easing as Anthropic prepares to go public and businesses gobble up durable goods.
GDP grew at an annual rate of 3.4% in the third quarter in the last major read on the economy ahead of the midterm elections — but many Americans continue to struggle with affordability.
