📊 Today's U.S. Economic Update Summary
Robust Growth: The economy outperformed forecasts in Q3, with GDP hitting 4.4% and signaling stronger-than-anticipated momentum.
Strong Labor Market: Unemployment filings came in lower than predicted at 200,000, suggesting that the job market continues to be highly resilient.
Inflation Trends: The Core PCE index met expectations at 2.9%; while this shows price pressures are easing, they remain slightly higher than the Federal Reserve's long-term goal.
