Weekly Economic Snapshot: Robust Growth Meets Stubborn Inflation

Gross Domestic Product (GDP) The U.S. economy showed robust growth in the third quarter, posting its strongest reading in two years. The BEA's updated estimate of real GDP, the inflation-adjusted measure of all goods and services produced, increased at an annual rate of 4.4% from July to September. This marks an uptick from the second quarter's 3.8% growth and exceeded the 4.3% forecast from last month's estimate. The expansion was driven by broad-based increases in consumer spending, exports, government sp ...