Core Report | December 23, 2022
The U.S. economy continued to show resilience in Q3 as the final revision showed stronger growth than the previous two estimates. Q3 GDP showed the economy grew at a 3.2% annual rate, up from the previous estimate of 2.9%. The growth in Q3 follows two consecutive quarterly declines to start the year. Despite the generationally high inflation and the efforts from the Federal Reserve to control that, the economy remains strong.