Business
US economy expands at fastest pace in a year as inflation accelerates
October 29, 2026 at 06:56 PM
Coverage
3 reports · 1 in Arabic, 2 in English · over 5 hours
AJAl Jazeera Arabic
الاقتصاد الأمريكي ينمو بأسرع وتيرة في عام رغم ارتفاع التضخم وتكاليف الطاقة
(opens the publisher’s site)
TGThe Guardian
US economy grows faster than expected in report out just ahead of elections
(opens the publisher’s site)
CNCNN
Last snapshot of the US economy before midterms shows stronger growth but higher inflation
(opens the publisher’s site)US GDP grew at a 3.4% annualized rate last quarter, the fastest pace in a year, while inflation climbed to a four-month high.
- The Commerce Department reported GDP expanded at a 3.4% annualized rate in the July–September quarter, up from 2.2% in the previous quarter.
- The PCE price index rose 0.5% in September, lifting annual inflation to 3.6% from 3.4%, above the Fed's 2% target.
- The Federal Reserve left its benchmark interest rate unchanged at 3.75%–4% on Wednesday.
- Weekly jobless claims fell to 194,000 in the week ending October 24, below economists' forecast of 199,000.