BEA advance estimate today showed real GDP rising at a 3.4 percent annual rate in July-September, up from 2.2 percent in the second quarter. September PCE price index rose 0.5 percent month-over-month and 3.6 percent year-over-year; core PCE rose 0.3 percent and 3.1 percent. Personal spending increased 0.5 percent. Data arrived the day after the Fed held its target range at 3.75-4 percent, with markets still pricing a December hike amid elevated oil prices from the Iran conflict.
https://www.bea.gov/news/2026/gdp-advance-estimate-3rd-quarter-2026
https://www.bea.gov/news/2026/personal-income-and-outlays-september-2026
https://www.inman.com/2026/10/28/federal-reserve-interest-rate-hold-october/
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