WASHINGTON — The U.S. economy expanded at an annual rate of 2.8% between July and September, driven by strong consumer spending despite high interest rates. T

The EUR/USD pair extends the rally to 1.0885 during the early Asian session on Friday.

As a presidential race profoundly shaped by Americans' frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels.

Amid a recent spate of data showing the economy humming along smoothly, one sector has consistently stayed out of whack and it’s a big one.

Inflation is not done with us yet. | Economy

Overall inflation slowed in September from a year earlier, though some signs of stubbornness lingered under the surface.

Headline inflation rose more-than-expected to the ECB's inflation target at 2.0% in October.

Eurozone inflation met the European Central Bank's target level of 2% in October after rebounding strongly from its lowest rate in three years the previous month.

The eurozone's annual inflation rate rebounded more than expected in October due to rising food costs, official data showed on Thursday, but remains in line with the European Central Bank's two-percent target. Other Eurostat data published on Thursday showed the unemployment rate in the single currency area remained stable at 6.3 percent in September. raz/ec/rl

The eurozone's annual inflation rate rebounded more than expected in October due to rising food costs, official data showed on Thursday, but remains in line with the European Central Bank's two-percent target. Other Eurostat data published on Thursday showed the unemployment rate in the single currency area remained stable at 6.3 percent in September. raz/ec/rl

The United States Bureau of Economic Analysis (BEA) is set to release the Personal Consumption Expenditures (PCE) Price Index data for September, which is the Federal Reserve’s preferred measure of inflation, at 12:30 GMT.

The fresh inflation print is seen as crucial in judging whether the European Central Bank could consider a half-percentage-point interest rate cut.

The Harmonized Index of Consumer Prices (HICP), the European Central Bank's (ECB) preferred gauge of inflation, rose 2% on a yearly basis in October's flash estimate, Eurostat reported on Thursday.

Yesterday's GDP data for the third quarter disappointed, especially in Hungary, confirming a return to technical recession, but the data in the Czech Republic was also slightly weaker, below central bank expectations, ING’s FX analyst Frantisek Taborsky notes.

EUR/GBP trades slightly lower during early European hours on Thursday near 0.8360, following strong gains in the previous session.

As a presidential race profoundly shaped by Americans' frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels.

EUR/USD extends its upside to near 1.0890 in Thursday’s North American session following Wednesday’s sharp recovery.

Switzerland could be at risk of slipping into deflationary territory next year as a stronger Swiss franc dogs policymakers' efforts to get a handle on prices.

As a presidential race profoundly shaped by Americans’ frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels.

(Bloomberg) — French inflation came in below the European Central Bank’s 2% target for the second consecutive month, boosting the case for policymakers to quicken the pace of interest-rate cuts.

But it’s the 41st consecutive month of the Federal Reserve’s preferred core PCE inflation, which excludes more volatile food and energy expenditures, coming in well above the central bank’s long-term goal of 2%.

U.S. Gross Domestic Product expanded by 2.8% in the third quarter of 2024. Despite solid U.S. economic growth, the Fed is likely to cut interest rates further this year.

(RTTNews) - Consumer prices in Australia were up a seasonally adjusted 0.2 percent on quarter in the third quarter of 2024, the Australian Bureau ...

Australia will publish fresh inflation-related figures on Wednesday, kick-starting a row of global first-tier releases that should grant volatility across the FX board.

The US Bureau of Economic Analysis (BEA) is scheduled to release the preliminary estimate of the US Gross Domestic Product (GDP) for the July-September quarter on Wednesday.

The Dow Jones Industrial Average (DJIA) advanced during the North American session, with bulls eyeing a break above 42,500 as US Treasury bond yields tumbled.

EUR/USD rises strongly on Euro's (EUR) upbeat performance after the release of the better-than-expected Eurozone flash Q3 GDP data.

The Pound Sterling (GDP) data reports for Q3 from France, Spain and Germany all beat expectations, lifting preliminary Eurozone growth to 0.4% in the quarter, double expectations, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

The U.S. economy grew in the third quarter, although at a slower pace than expected, as the stagnant housing market dragged down the country's overall output.

Economists polled by Reuters expected 0.2% growth following the bloc's 0.3% expansion in the second quarter.

Eurozone economic growth accelerated in the third quarter, official data showed on Wednesday, beating expectations.

The Eurozone economy grows by 0.4% in the three months to September of 2024, following a 0.2% expansion in the second quarter, the preliminary estimate released by Eurostat showed on Wednesday.

The eurozone economy grew more than expected in the third quarter, official data showed Wednesday, thanks to Germany which defied expectations and dodged a recession. The figures will offer some relief, coming a month after Eurostat revised its data to show the eurozone grew by only 0.2 percent in the second quarter of this year.

The eurozone economy grew more than expected in the third quarter, official data showed Wednesday, thanks to Germany which defied expectations and dodged a recession. The figures will offer some relief, coming a month after Eurostat revised its data to show the eurozone grew by only 0.2 percent in the second quarter of this year.

In a key economic report released just days before the presidential election, gross economic product rose at a 2.8 percent rate in the third quarter.

The German economy expanded by 0.2% over the quarter in the third quarter of 2024 after shrinking 0.1% in the second quarter, according to the preliminary data published by Destatis on Wednesday.

The German economy unexpectedly expanded in the third quarter, avoiding a technical recession, according to figures released by Destatis on Wednesday.

The continent’s economy continued to limp along, expanding just 0.4 percent in the latest quarter, dragged down by a loss of competitiveness.

Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), rose to 2% on a yearly basis in October from 1.6% in September, Destatis' flash estimate showed on Wednesday.

Germany's inflation surged to 2.4% in October, back above the European Central Bank's 2% target, even as the country narrowly avoided a technical recession in the third quarter.

After two significant declines, German inflation rate rose again in October, from 1.6% to 2.0%.

Imports dragged down GDP but consumer spending was the strongest it has been in over a year. | Economy

WASHINGTON - The U.S. economy continued its expansion in the third quarter, growing at a slightly slower annualized rate of 2.8 percent and reinforcing a rosy lens of the economy days before the elections. The latest gross domestic product report, released Wednesday by the Commerce Department’s Bureau of Economic Analysis, offers a snapshot of an economy that’s been able to withstand policy swings and political uncertainty. Growth moderated from the previous quarter’s 3 percent reading but remains sturdy. “The U.S. economy is now in a very good spot and is characterized by full employment, price stability and strong productivity gains,” said Joe Brusuelas, chief economist at RSM. Even with the gradual slowdown, the U.S. economy is still “firing on all cylinders,” he said. Consumers are fueling much of that momentum with spending that has outlasted even the most optimistic forecasts. Despite inflation, Americans have continued to shell out for a range of goods and services, including cars, dining out and travel.…

Gross domestic product was expected to increase at a 3.1% annualized pace in the third quarter.

Inflation-adjusted gross domestic product increased at a 2.8% annualised after rising 3% in the previous quarter.

The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates.

The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates. Wednesday's report from the Commerce Department said the gross domestic product — the economy's total output of goods and...

The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates.

The Commerce Department is expected to report Wednesday that the gross domestic product — the economy’s total output of goods and services — grew at a 2.6% annual pace last quarter