U.S. third-quarter GDP grows 3.4% as September inflation accelerates
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U.S. GDP grew at a seasonally adjusted annualized rate of 3.4% in the third quarter, beating the 3.1% forecast and up from 2.2% in the second. September’s PCE price index rose 0.5% monthly and 3.6% annually, while core PCE increased 0.3% and 3.1%, respectively.
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