The U.S. economy grew at a 3.4% annualized rate in the third quarter, topping the 3.2% forecast and accelerating from the prior quarter's 2.2% pace, according to Thursday's release.
| Reading | Actual | Forecast | Prior |
|---|---|---|---|
| GDP Growth Rate QoQ (Q3) | 3.4% | 3.2% | 2.2% |
| GDP Price Index QoQ (Q3) | 2.2% | 3.2% | 6.1% |
Source: Economic calendar: the official release, the consensus forecast and the prior reading · as of October 29, 2026 at 8:30 AM ET · Released at 8:30 AM ET on Thursday, October 29, 2026.
The details
The GDP Price Index, a measure of price changes across the economy, rose 2.2% quarter over quarter, well below both the 3.2% forecast and the prior reading of 6.1%.
In context
Stored official data show real GDP growth at an annual rate was last recorded at 1.50% in April 2026, down from 3.84% a year earlier in April 2025. Over the full January 2007 to April 2026 span, readings have ranged from a low of -27.98% in April 2020 to a high of 34.86% in July 2020, so the latest stored figure sits well within that wide range and far below both extremes.
- Latest
- 1.5% Q2 2026
- High
- 34.9% Q3 2020
- Low
- −28.0% Q2 2020
Source: US Bureau of Economic Analysis, real GDP, quarterly · The stored history runs to April 2026; this release's readings are in the table above.
How markets took it
In premarket trading at 8:35 AM ET, S&P 500 futures were down 0.38% at 7,753.50 and Nasdaq 100 futures were down 1.18% at 29,625.25, while the 10-year Treasury yield slipped 0.26% to 5.031%. Barron's reported that Oracle shares had surged 10.73% after stronger-than-expected investor-day guidance, while ServiceNow fell 3.00% after its subscription sales outlook raised AI-related concerns among investors.
| Market | Level | Change |
|---|---|---|
| S&P 500 futures | 7,753.50 | -0.38% |
| Nasdaq 100 futures | 29,625.25 | -1.18% |
| 10-year Treasury yield | 5.031% | -0.26% |
Source: Index futures, index and Treasury yield quotes · as of October 29, 2026 at 8:35 AM ET · Read at 8:35 AM ET, before the regular session opened; change is from the prior close.