Reply To: US Economy a Long Way from Recession in Q4, GDP Grew 2.9%

#49829
TradersCom
Keymaster

US final Q3 GDP +3.2% vs +2.9% expected

GDP raises odds Fed will follow through on rate hikes. The Q3 PCE numbers were also higher.

Second estimate was +2.9%
Advance estimate was +2.6%
Q2 GDP was -0.6%

Consumer spending +2.3% vs +1.7% second reading
GDP deflator 4.4% vs 4.3% second reading
Core PCE prices 4.7% vs 4.6% second reading
Corporate profits +0.8% vs -0.2% second reading
Sales +4.5% vs 4.0% second reading
Inventories cut 1.19 percentage points from GDP
Exports +14.6% vs +15.3% second reading (imports unrevised)