Real GDP Rose Faster Than Previously Reported 3Q-22 While A Key Inflation Measure Moderated

The Bureau of Economic Analysis reported just before Christmas that real gross domestic product grew even faster than previously reported during 3Q-22. Growth was 2.9% in its third estimate of real GDP for the quarter, up from the previous estimate of 2.6%. The revisions reflected upward revisions to consumer spending and nonresidential fixed investment, while…