U.S. Economy Grew 3.5% in 3Q, More Than Forecast

The video discusses the latest economic indicators, including jobless claims and GDP growth. Jobless claims were reported at 287,000, aligning with expectations. GDP growth for the third quarter was 3.5%, driven by consumption, and slightly above the expected 3%. The core PCE index, a measure of inflation, increased by 1.4% from the second quarter. The video also touches on the economic outlook, noting that despite the growth, there is still room for improvement. Futures markets showed a slight recovery but remained down by 0.25%.

What were the initial jobless claims for the week ended October 25th?

• 250,000

• 300,000

• 287,000

• 285,000

What was the GDP growth rate for the third quarter?

• 3.0%

• 4.0%

• 3.5%

• 2.5%

What was the expected GDP growth rate driven by consumption?

• 2.5%

• 4.0%

• 3.5%

• 3.0%

What is the core PCE used for by the Federal Reserve?

• Assessing consumer confidence

• Gauging inflation

• Tracking GDP growth

• Measuring unemployment

How did the S&P futures react to the economic data?

• Increased by 1%

• Decreased by 1/4 of 1%

• Remained unchanged

• Increased by 1/4 of 1%