Q3 GDP and September PCE to be released on October 29, with market expectations of 3.2% annualized GDP growth

Odaily reports: GMX 🫐 posted on X that Q3 GDP and September PCE data will be released simultaneously on October 29 at 8:30 AM ET. Market expectations are for annualized GDP growth of about 3.2%, with core PCE up about 0.3% month-over-month and about 3.1% year-over-year. The Fed voted 10-2 to keep interest rates in the 3.75%-4.00% range, with both dissenters favoring a rate hike; this will be the first batch of major data released since then and will influence the December decision.