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2023-04-05

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2022-10-27

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U.S. GDP Increases By 2.6% Annual Rate in Third Quarter, Above Forecast

2022-04-20

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20:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The U.S. economy posted its first period of positive growth for 2022 in the third quarter, at least temporarily easing inflation fears, the Bureau of Economic Analysis reported Thursday.</p><p>GDP, a sum of all the goods and services produced from July through September, increased at a 2.6% annualized pace for the period, against the Dow Jones estimate for 2.3%.</p><p>That reading follows consecutive negative quarters to start the year, meeting a commonly accepted definition of recession, though the National Bureau of Economic Research is generally considered the arbiter of downturns and expansions.</p><p>U.S. initial jobless claims rise 3,000 to 217,000 in October 22 week; U.S. core durable goods orders fall 0.7% in September; Continuing jobless claims rise 55,000 to 1.44 million.</p><p>Stock-index futures higher after GDP, other economic 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