US Economy Expanded 3.4% in Q3; Inflation Reaches 3.7%
What happened
The Bureau of Economic Analysis estimated that real gross domestic product grew at a 3.4% annual rate from July through September, an increase from 2.2% in the second quarter. Real personal consumption expenditures grew at a 3.8% annual rate. Meanwhile, the Bureau of Labor Statistics reported that the Consumer Price Index rose 3.7% over the 12 months through September, with core CPI increasing 2.6% over the year.
From econotimes.com
Why it matters
The economic expansion was supported by investment, consumer spending, and government spending, though lower exports partially offset the gain. The 3.7% annual inflation rate and the 3.4% GDP growth rate are being weighed by voters, with 47% selecting cost of living as the most important factor in the midterm vote.
From econotimes.com
Who's involved
- Bureau of Economic AnalysisBureau of Economic Analysis, which estimated the real gross domestic product growth.
- Bureau of Labor StatisticsBureau of Labor Statistics, which reported the Consumer Price Index and core CPI.
- Donald TrumpDonald Trump, whose handling of the economy and cost of living was surveyed by AP-NORC.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- FEDSpeculative
The Federal Open Market Committee might adjust monetary policy decisions based on the reported inflation and GDP figures.
- UnileverSpeculative
Unilever might face pressure on consumer staples revenue due to rising costs and consumer spending trends.
- Trump Media & Technology GroupSpeculative
Trump Media & Technology Group might see its core revenue stream affected by shifts in consumer spending.
Keep exploring
The entities involved
-
Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
-
Bureau of Economic Analysis
United States federal agency
-
Bureau of Labor Statistics
US government agency