Marked Chart Marked Chart Open

The Marked Chart Wire · Economy and the Fed

HotGDP

Third quarter growth outpaces forecasts while price pressures persist

GDP expanded at a 3.4 percent annualized rate, beating the 3.2 percent estimate. Annual PCE inflation reached 3.6 percent in September, matching expectations but remaining above the Federal Reserve's 2 percent goal.

Illustration for the Economy desk

Learn the basics

New to this? Read: How the stock market works

More Economy and the Fed news

Illustration for the Economy desk

GDP

US third-quarter GDP growth beats expectations at 3.4 percent

The US economy expanded at an annualized rate of 3.4 percent in the third quarter, exceeding the 3.2 percent estimate. The PCE price index rose 2.1 percent, while core PCE inflation increased 2.5 percent quarter-over-quarter.

Economy

US jobless claims come in at 194,000

Initial jobless claims for the week ended October 24 stood at 194,000, matching the previous week's figure and coming in below the 198,000 forecast.

Inflation

US September PCE inflation matches market forecasts

The September PCE price index rose 0.5 percent month over month and 3.6 percent year over year. Core PCE increased 0.3 percent monthly and 3.1 percent annually, both in line with estimates.

Fast headlines, summarized. Not verified and not advice. Check the full story before you act.