Daniel Lacalle Official Account(@dlacalle_IA):The US is the only developed economy delivering strong growth. US GDP grew 3.4%, beating 3.2% expected. Consumption and investment power ahead. Inflation remains elevated, but mostly due to refined products. considering 2.5% in Q1, 2.2 in Q2%, and 3.4% in Q3 the annualised real growth rate is coming in at 2.7% for now, with most yearly expectations for GDP 2026 being at 2.5% (IMF) Core PCE in line with expectations, at a 0.3% MoM and 3.1% YoY Headline PCE in line at 0.5% MoM and 3.6% YoY The jump in refined products in september is driving most of the spike.

Daniel Lacalle Official Account@dlacalle_IA

2026.10.29 13:38

The US is the only developed economy delivering strong growth. US GDP grew 3.4%, beating 3.2% expected. Consumption and investment power ahead. Inflation remains elevated, but mostly due to refined products. considering 2.5% in Q1, 2.2 in Q2%, and 3.4% in Q3 the annualised real growth rate is coming in at 2.7% for now, with most yearly expectations for GDP 2026 being at 2.5% (IMF) Core PCE in line with expectations, at a 0.3% MoM and 3.1% YoY Headline PCE in line at 0.5% MoM and 3.6% YoY The jump in refined products in september is driving most of the spike.