US economy grew 4.4% in revised Q3 data, fastest pace in two years

The US economy's third-quarter growth was revised upward to 4.4% by the Bureau of Economic Analysis, surpassing the initial 4.3% estimate and marking the strongest quarterly expansion in two years. This acceleration was primarily fueled by increased exports and robust business investment, with contributions also coming from government spending and a decrease in imports, although consumer spending saw a slight downward revision. Crucially, the Federal Reserve's preferred inflation measure, the core PCE index, remained steady at 2.9% for the quarter. Markets responded favorably to the stronger GDP figures combined with stable inflation, leading to gains in the Nasdaq and S&P 500, alongside rallies in metals.

(Source：Crypto Briefing)