U.S. GDP Grows by 3.3% in 3Q

U.S. GDP Grows by 3.3% in 3Q

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Interactive Video

Business

University

Hard

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The video discusses the latest US GDP data, showing a slight increase to 3.3% from the initial estimate of 3.2%. Personal consumption was softer than expected, while core PCE saw an upward revision. Corporate profits rose by 5.4% year-on-year, with financial industry profits increasing by nearly 14%. Market reactions included a slight rise in treasury yields and a small increase in the dollar index. Experts provide insights into the GDP data and note encouraging trends in business investment.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the initial read for US GDP mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How did personal consumption perform according to the data?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the year-on-year change in corporate profits for the third quarter?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the change in the two-year Treasury yields during the session?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What encouraging trend was noted regarding business investment?

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