U.S. 3Q GDP Rises 2.9% as Economic Growth Rebounds

The transcript discusses recent economic indicators, including a 2.9% increase in a key measure, and the employment cost index aligning with estimates. Personal consumption showed a decrease, impacting GDP. Market reactions were muted, with slight changes in yields and the dollar index. The transcript also highlights weaknesses in GDP due to lower fixed investment and inventory drawdowns, suggesting no deterrent for the Fed's December actions.

What was the recent percentage increase in the key economic indicator discussed in the first section?

• 1.4%

• 3.5%

• 2.6%

• 2.9%

Which measure is considered key by the Fed and was discussed in the first section?

• Gross Domestic Product

• Employment Cost Index

• Consumer Price Index

• Producer Price Index

How did personal consumption figures change compared to the previous quarter?

• They decreased significantly.

• They remained the same.

• They increased significantly.

• They were not reported.

What was the market's reaction to the changes in personal consumption?

• A sharp rise in stock prices

• A significant decrease in the dollar index

• A significant increase in yields

• A muted reaction

What aspect of GDP was highlighted as a weakness in the third section?

• Residential spending

• Nonresidential infrastructure spending

• Consumer spending

• Government spending