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

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.

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

How did personal consumption perform according to the data?

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

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

What encouraging trend was noted regarding business investment?