Treasury Secretary Scott Bessent backed the idea of reconsidering the Federal Reserve’s 2% inflation target once the US has sustainably brought price increases back down to that pace https://t.co/AFZgg0dAuw ...

The U.S. economy grew at a surprisingly strong 4.3% annual rate in the third quarter, the most rapid expansion in two years, as government and consumer spending, as well as exports, all increased.U.S. gross domestic product from July through September — the economy's total output of goods and services — rose from its 3.8% growth rate in the April-June quarter, the Commerce Department said Tuesday in a report delayed by the government shutdown. Analysts surveyed by the data firm FactSet forecast growth of 3% ...

The US economy grew at an unexpectedly strong pace of 4.3% in the third quarter — the highest rate in two years — according to a government report released Tuesday.Vigorous consumer spending on services such as health care and products like recreational vehicles fueled the surge in the gross domestic product, which is comprised of the value of all goods and services produced across the economy, for the July through September quarter.The inflation-adjusted annual rate of 4.3% marked an uptick from 3.8% growt ...

Nasdaq dancing around a new all-time high.Gold & commodities are on a tear.Rates are going down.Inflation is cooling down.But yet, $BTC is down 35% from the all-time high.I don't think I've ever seen such a big mispricing taking place in real time. ...

Reserve Bank of India Governor Sanjay Malhotra said India is likely to remain in a prolonged period of low policy rates as long as inflation stays benign and the economy is not hit by a major supply-side shock https://t.co/tmgS4yn2yP ...

Welcome back to Squawkbox. Rick Santelli here live at CME HQ with some delayed but very important data points. We'll be looking at October preliminary durable goods.Philly Fed and GDP second time around the block delayed third quarter numbers. We're looking for 3.3% zoom zoom zoom 4.3%. 4.3%.That is a nice jump. And I know many may question day the gathering, but on the surface this would be the strongest quarter going back to the third quarter of 2023 when it was 4.7%. This is strong.3.5% on consumption bl ...

The S&P 500 has delivered what can only be described as a strong year to date, extending a rally that has rewarded investors for staying the course through inflation, rate hikes, and geopolitical uncertainty. ...

WASHINGTON (AP) — The U.S. economy grew at a surprisingly strong 4.3% annual rate in the third quarter, the most rapid expansion in two years, driven by consumers who continue to spend in the face of ongoing inflation. U.S. gross domestic product from July through September — the economy’s total output of goods and services — rose from its 3.8% growth rate in the April-June quarter, the Commerce Department said Tuesday in a report delayed by the government shutdown. Economists surveyed by the data firm Fa ...

Economic Growth - U S real GDP grew at an annualized quarterly rate of 4 3% in Q3 [1] - This is above market expectations of 3 3% and the previous reading of 3 8% [1] Inflation - The initial annualized quarterly rate of core PCE inflation came in at 2 9% [1] - This is in line with expectations and higher than the prior 2 6% [1] Consumer Spending - The initial estimate of real personal consumption expenditures rose 3 5% quarter-on-quarter [1] - This significantly exceeds the expected 2 7% and the previous 2 5% [1]

Tariffs and Trade Policy - The administration believes tariffs are not a tax on U S companies but a form of leverage against foreign countries that depend on the U S market [7][8][24] - The administration argues that countries with trade deficits with the U S depend on the U S economy and therefore bear the cost of tariffs by reducing prices [9][25] - The administration asserts that tariffs are a tool to rebalance global trade and bring back manufacturing and supply chains to the U S [19][5][14] - The administration views tariffs as a "beautiful thing" and a "dial for leverage" to negotiate trade deals and address non-tariff barriers [18][20][21] - The administration claims that tariffs have not caused inflation and are bringing investment into the U S [11][26] Manufacturing and Supply Chains - The administration acknowledges that bringing back manufacturing and supply chains takes time, similar to the time it took for China to build its manufacturing base [4][13][14] - The administration aims to bring back both factories and supply chains to the U S, emphasizing the national security aspects of domestic production [5][14] - The administration suggests that construction jobs will come first, followed by manufacturing jobs, as investment increases [6] Economic Outlook - The speaker expressed optimism about the economy, predicting the Dow Jones Industrial Average would reach 50,000 [16] - The administration is focusing on reducing inflation by addressing key areas such as housing, healthcare, and food [17] - The administration anticipates a great year in 2026, with tariffs playing a significant role in bringing investment [17][18]