GDP Report Set to Provide Snapshot of Economy Ahead of Midterm Elections
Economists expect 3.1% annualized growth as AI spending and resilient consumer demand offset a monthlong surge in prices, according to forecasts.
- Fresh data released on Thursday provided the United States economy's final pre-election snapshot, detailing third-quarter gross domestic product just days before midterm voting.
- Fed Chair Kevin Warsh voiced optimism about resilient domestic spending on Wednesday, yet acknowledged that 'inflation remains elevated' well above the Federal Reserve's 2% target.
- The U.S. economy likely expanded at an annualized pace of 3.1% in the third quarter, marking acceleration from 2.2% growth in the previous quarter.
- Americans remain cautious, with consumer sentiment near record lows as voters weigh President Trump's economic handling against Democratic alternatives on the economy—their top poll issue.
- The federal budget deficit reached nearly $2 trillion in fiscal year 2026, while manufacturing employment has declined despite administration pledges of a 'manufacturing boom.
30 Articles
30 Articles
U.S. GDP Data And Inflation Figures Set To Arrive As Midterm Campaigns Enter Final Sprint
America’s economic scoreboard is about to get an update at the worst possible time for incumbents, with GDP and inflation reports landing in the final stretch before midterm Election Day. Voters heading to the polls will have fresh economic data in hand, giving both parties a final opportunity to shape the narrative around growth figures […]
By Alicia Wallace and Elisabeth Buchwald, CNN US economic growth accelerated last quarter at its fastest pace in a year. However, the increase in gasoline prices contributed to inflation reaching its highest level in September in four months, according to new data published on Thursday. The price index of personal consumption expenditure (PCE) increased by 0.5% compared to August, raising the annual inflation rate from 3.4 to 3.6 percent, accord…
GDP report set to provide snapshot of economy ahead of midterm elections - Regional Media News
Fresh data to be released on Thursday is set to provide the latest snapshot of the United States economy, just days before the midterm elections. The report, which will detail gross domestic product over a three-month period ending in September, will arrive as the U.S. weathers a monthlong surge of inflation. In response to rising prices, a key long-term Treasury rate has jumped in recent months as investors feared price increases would eat away…
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