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U.S. GDP Increased 3.4% in Third Quarter

The economy grew 3.4 percent in the third quarter, the fastest pace in a year. Strong spending and growth contrast with the poor marks many voters are giving the economy.

© The New York Times

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Inflation Accelerated in October, PCE Index Shows

The Personal Consumption Expenditures index picked up in September, according to data released a day after the Federal Reserve’s decision to hold interest rates steady.

© Ben Stansall/Agence France-Presse — Getty Images

A factor pushing prices up this year has been a severe energy crunch created by the war with Iran that sent oil prices soaring.
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The Fed Risks Falling Behind in its Inflation Fight

Federal Reserve officials are expected to restart rate increases in December, but the cadence of additional moves will depend on the data.

© Julia Demaree Nikhinson/Associated Press

Federal Reserve Board Chairman Kevin Warsh speaking on Wednesday.
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