🚨 U.S. Core PCE Holds at 2.9%, GDP Beats Expectations 🚨
The U.S. Q3 annualized core PCE price index came in at 2.9%, matching both market expectations (2.9%) and the previous reading (2.9%), signaling stable underlying inflation.
Meanwhile, US real GDP for Q3 rose to 4.4%, exceeding forecasts of 4.3%, highlighting stronger-than-expected economic momentum. Real personal consumption expenditures remained unchanged at 3.5%, indicating steady consumer demand.
On the labor front, initial jobless claims for the week ending January 17 fell to 200,000, below expectations of 210,000, reinforcing signs of continued labor market resilience.
Overall, the data supports the view that inflation is not re-accelerating, while growth and employment remain firm — a combination that could keep the Fed cautious on the timing and pace of rate cuts.
This article is for informational purposes only, not investment advice.
