The final reading of the US economic growth came in lower than expected at 4.9%, compared to expectations of 5.2%.
Still, the figure was much higher than a reading of 2.1% in the second quarter, and this also marked the highest quarterly GDP growth in the US since 4Q22.
Meanwhile, the US core PCE quarterly inflation, the Fed’s key gauge for inflation measure, was revised down to 2.0% in the third quarter, compared to 2.3% expected and down from 3.7% previously.
For the week ended December 16, the Labor Department reported on Thursday that there was an increase of 2,000 Americans filing for unemployment benefits to a seasonally adjusted 205,000. Still, the figure was below 215,000 claims forecast by economists by Reuters poll.
