US economy grew 3.4% in the third quarter while PCE inflation held at 3.6%

FinanceInternationalPortafolioOct 29, 2026, 8:44 AM35 s readAI summary

The US economy grew 3.4% in the third quarter, above analysts' 3.1% forecast and the 2.2% of the previous quarter, according to data released this Thursday. The Bureau of Economic Analysis of the Commerce Department attributed the gain to investment, consumer spending and government spending, partly offset by a decline in exports. In September, the PCE inflation index rose 3.6% year-on-year and 0.5% month-on-month. The figures come days before the midterm legislative elections.

In 35 seconds

GDP grew 3.4% in the third quarter, versus 2.2% in the prior period and a 3.1% forecast.
Investment, household consumption and government spending drove growth; exports weighed on it.
PCE inflation was 3.6% year-on-year in September and 0.5% month-on-month.

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IASummary generated by artificial intelligence from a story by Portafolio. It may contain errors: the original source prevails.

PIB
inflación
Reserva Federal
Estados Unidos
elecciones

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US economy grew 3.4% in the third quarter while PCE inflation held at 3.6%

In 35 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day