Q3 GDP: A ‘Blowout’ Number Worth Watching, According to Reuters

Economic Growth Shines as Federal Reserve Considers Next Steps

WASHINGTON – The U.S. economy demonstrated remarkable growth in the third quarter, registering an annualized rate of 4.9%. Federal Reserve Governor Christopher Waller described this performance as "blowout" and emphasized the need for careful observation as the Fed deliberates its future policy actions.

During a seminar on economic data at the St. Louis Federal Reserve, Waller highlighted the significance of this robust quarter. While he stopped short of making direct policy recommendations, he pointed out that all components of U.S. output were experiencing growth. "Everything was booming," he remarked, indicating that this impressive data will be a critical factor in shaping the Fed’s policy considerations moving forward.