đ Today's âU.S. Economic Update Summary
âRobust Growth: The economy outperformed forecasts in Q3, with GDP hitting 4.4% and signaling stronger-than-anticipated momentum.
âStrong Labor Market: Unemployment filings came in lower than predicted at 200,000, suggesting that the job market continues to be highly resilient.
âInflation 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.