The US economy expanded at a stronger-than-expected annualized rate of 3.4% in the third quarter of 2026, while inflation accelerated in September, according to Commerce Department data released Thursday.
Gross domestic product growth exceeded economists’ 3.1% forecast and improved from 2.2% in the previous quarter. Consumer spending increased 3.8%, while private domestic investment surged 19.4%, supported by spending on equipment and intellectual property.
Core PCE inflation, excluding food and energy, rose 3.1% annually. The Federal Reserve held interest rates between 3.75% and 4% on Wednesday as officials assessed incoming economic data.
Meanwhile, initial jobless claims declined to 194,000, indicating continued resilience in the labor market.
Related Tweet:
BREAKING: The U.S. economy grew at a 3.4% annualized rate in the third quarter, topping economists’ 3.2% forecast, as President Trump makes his final campaign push with the midterm elections just days away. https://t.co/Sg7nxiHdKV
— Breaking911 (@Breaking911) October 29, 2026
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