U.S. Real GDP Growth Tests Fed Chair’s View That Economy Is Not Overheated
Photo: TokenPost
The Federal Reserve faces a harder balance between growth and inflation after U.S. real gross domestic product rose at a 3.4% annualized quarter-over-quarter pace in the third quarter, above market expectations. Consumer spending increased 3.8%, while business investment in equipment climbed 20.9%. Strong consumption and company investment drove the above-forecast expansion as inflation pressures broadened. Economic activity showed no clear slowdown, even as markets continued to bet on a December rate hike.
Source: TokenPost
