US final Q3 GDP +3.2% vs +2.9% expected

• Second estimate was +2.9%
• Advance estimate was +2.6%
• Q2 GDP was -0.6%

Details:

• Consumer spending +2.3% vs +1.7% second reading
• GDP deflator 4.4% vs 4.3% second reading
• Core PCE prices 4.7% vs 4.6% second reading
• Corporate profits +0.8% vs -0.2% second reading
• Sales +4.5% vs 4.0% second reading
• Inventories cut 1.19 percentage points from GDP
• Exports +14.6% vs +15.3% second reading (imports unrevised)

The US dollar US Dollar The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel Read this Term has jumped on this report, which is a rare market move for a third reading on GDP. The sense is that higher GDP raises the odds that the Fed will follow though on rate hikes. The Q3 PCE numbers were also higher.