GDP GROWTH SURGES TO 4.1%

The third and final estimate of third quarter U.S. GDP by the Bureau of Economic Analysis is out. GDP grew 4.1% at an annualized rate in the third quarter, according to the estimate. Economists predicted growth of 3.6%, in line with the second estimate published by the BEA earlier this month. Personal consumption growth surged to 2.0% from the previous 1.4% estimate. The GDP price index came in at 2.0%, as expected, while core PCE was 1.4%, slightly below the previous 1.5% estimate. A buildup in...