U.S. 3Q GDP Grows at 3% Rate Topping Estimates

The video discusses the US GDP for the third quarter, which came in at 3%, slightly lower than the previous quarter's 3.1% but higher than the estimated 2.6%. This indicates a stronger economic performance than expected, despite challenges like hurricanes affecting consumer spending and nonresidential investments. The GDP results have implications for financial markets, with a stronger dollar and rising bond yields. The analysis also covers the impact on consumer spending, investment, and trade, noting that these figures are initial and may change in future revisions.

What was the actual US GDP growth rate for the third quarter?

• 2.4%

• 3.1%

• 3%

• 2.6%

How did the US dollar react to the GDP data in the FX market?

• Weakened

• Remained stable

• Fluctuated

• Strengthened

What was the movement in bond yields following the GDP announcement?

• Increased by 1 basis point

• Remained unchanged

• Increased by 2 basis points

• Decreased by 2 basis points

Which factor primarily caused a drop in consumer spending?

• Increased taxes

• Hurricanes

• Higher interest rates

• Stock market crash

What was the impact of nonresidential structure investment on GDP?

• Increased by 5.2%

• Decreased by 5.2%

• Remained stable

• Increased by 3.3%