The US economy grew at a 3.5% pace in the third quarter, faster than expected

CNBC ^ | 26 October 2018 | Fred Imbert

[Enlightened1]

Great news for our economy, but the Fed is now going to have their excuse to raise the interest rates again.

Keep in mind they kept rates super low under Obama for 8 years.

The Feds claim it is to curve the hyperinflation. However, I am not seeing hyperinflation anywhere?

[Hyman Roth]

I think food and fuel areomitted from the inflation calculations

Yes because no one needs food or gas.

[central_va]

The department said the PCE price index, a key measure of inflation, increased by 1.6 percent last quarter, much less than the 2.2 percent increase expected by economists polled by StreetAccount.

Someone tell the Federal Reserve Chairman!!!!

[Leep]

But if we elect the dims we can go back to the obama golden years.

[EdnaMode]

Funny how it took 8-9 years for his policies to finally work.

[jdsteel]

Logic says 3.5^% growth means FED will raise interest rates which is bad for stocks.

Yes, for the uninformed or paranoid investor. The Fed also reported substantially lower inflation than expected. That would argue for less frequent increases.

At these low, still accommodative rates there should be no fear that investors will leave the stock market because 10 year rates have gone from about 3.2% to 3.3%.

[Sequoyah101]

Can’t have that! Must raise fed funds rate immediately to crash the markets for stocks that are now making good to excellent profits. Way too much return to normal after years of defeatism. Way to much prosperity and American greatness going on.

/s

[Sequoyah101]

Yup. Should put that nasty old stock market right back where it belongs at 18,000 or even less!

[Old Teufel Hunden]

"We can all thank obama. He made it happen."

He has to be the only President in history to blame his predecessor for the economic performance of the 8 years while in office and take credit for the economy after he left office.

[rb22982]

Stocks are down b/c of poor outlooks and Q3 revenue misses by Google and Amazon

[wiseprince]

Needs Q4 to be 2.3 or greater and the U.S will hit 3% for the year

[MortMan]

IIRC, Clinton was the one who made that change.

[Tonytitan]

Funny how it took 8-9 years for his policies to finally work.

They started working on 1-20-17.

Oh, wait...They stopped being his policies that day!

[Pride in the USA]

And the winning just keeps coming along no matter what the left comes up with to stop it!

[nikos1121]

That’s with the Fed increasing rates, all the disasters, tariff war, NAFTA etc... and the other BS.

Keep in mind that just about EVERY Obama year rate announcement, we had an adjustment DOWNWARD, in the months to follow.

I would NOT be surprised if they bump this up to 3.6 or more.

This is great news.

[Parley Baer]

President Trump, you magnificent bastard.

[nikos1121]

HOw can the 4th quarter be released, if we haven’t finished the 4th quarter?

[shelterguy]

That’s what makes obama the “me me me me I I I I “ resident.

[central_va]

Tariff war? That war started 3 decades ago, now we are fighting back and some NOW call it war. Man, NTSA.

[central_va]

We export food and raw materials and import durable good. We should expect food prices to keep rising. But a least you can buy a cheap toaster every 5 years.