US GDP Grew At 4.9 Percent In The Third Quarter, While Inflation Slowed Further – Analysis

Strong growth across sectors propelled the economy in the third quarter, as the inflation rate slowed to a pace only slightly above the Fed’s target. The 4.9 percent growth rate was the fastest since the 7.0 percent reported for the fourth quarter of 2021. At the same time, the annual inflation rate, as measured by the Federal...