In light of recent economic data releases, GDP growth is now expected to have been 3.1% at an annualized rate in the third quarter, up from the initial BEA estimate of 2.8%.
Personal consumption growth is expected to clock in at 1.5%, matching the initial estimate, while the GDP price index and core PCE are expected to come in unchanged from the initial estimate as well at 1.9% and 1.4%, respectively.
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