The United States continues to deliver strong economic growth amid resilient labor markets, even as core inflation continues to cool. In the third quarter, real GDP grew at the fastest rate since late 2021, boosted by strong household consumption and a stronger build in private inventories. Labor force participation rate rose to a post-pandemic high while the prime-age participation rate (those aged 25 to 54) advanced to its highest level in more than two decades. Meanwhile, inflation has trended lower year-over-year—though energy did bump up average monthly headline inflation in the third quarter. The especially ... (full story)