Economy outpaces expectations

U.S. gross domestic product increased at a seasonally adjusted annualized pace of three point four percent in the third quarter, better than the three point one percent estimate.

Inflation accelerates in September

The personal consumption expenditures price index rose zero point five percent for the month, putting the annual inflation rate at three point six percent, the largest monthly increase since March.

Core inflation also elevated

Excluding food and energy, core PCE posted zero point three percent monthly and three point one percent annually, both in line with consensus but well above the Federal Reserve's two percent target.

Consumer spending resilient but soft

Consumer spending climbed zero point five percent in September, slightly below the forecast for zero point six percent gain, while personal income rose just zero point two percent versus the estimate for zero point three…

Fed holds rates steady for now

The Federal Reserve voted to hold its benchmark interest rate in a range between three point seventy-five and four percent.

“The period right in front of us is information rich. There is a lot that's happening in the world.”

Energy surge drives price increases

September's price increases were driven largely by a surge in energy costs. Gasoline and other energy goods saw a nine point two percent rise for the month while energy goods and services broadly jumped five…

Layoffs remain low despite headwinds

Initial jobless claims edged lower to a seasonally adjusted one hundred ninety-four thousand for the week ended October twenty-fourth, below the estimate for two hundred thousand and near levels last seen in the late nineteen…