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 specific areas of GDP showed weakness according to the report?

What impact did the inventory drawdown have on GDP in the last quarter?