US GDP growth rises to 3.4%, but the unit matters as much as the headline
The advance estimate accelerated from 2.2%. It describes an annualized pace, not a 3.4% increase during just three months.
News Market news
Read market news on US events, key dates and ways to rehearse your rules. These notes are not investment advice.
PCE inflation rises while real consumer spending is essentially unchanged
Four inflation figures describe different comparisons. Start with the units before turning the release into a trading narrative.
Fed rate decision holds at 3.75%-4% as two voters favor an increase
The rate stayed put on October 28. The vote and statement still gave traders separate pieces of information to read.