Analyzing disinflation trends across consumer prices, GDP numbers, and PCE deflator, as the Federal Reserve sets policies.

The country's GDP increased at an annual rate of 3%, a sharp turnaround from earlier this year when it fell 0.5%.

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But capital goods imports rose 0.6%. Goods exports slipped $1.1 billion, or 0.6%, to $178.2 billion. They were held back by an 8.1% drop in exports of industrial supplies.

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But capital goods imports rose 0.6%. Goods exports slipped $1.1 billion, or 0.6%, to $178.2 billion. They were held back by an 8.1% drop in exports of industrial supplies.

U.S. Q3 GDP "just north of 2% seems a reasonable base case," Allen said. Looking ahead: "Rising inventories always worry us as advance warning that production might have to be cut back.

Imports of goods decreased $11.5 billion, or 4.2%, to $264.2 billion, the lowest level since March 2024. The decline was led by a 12.4% plunge in consumer goods imports.

The Canadian dollar firmed and was trading up 0.07% to 1.3799 to the U.S. dollar, or 72.47 U.S. cents. Two-year government bond yields were up 1.7 basis points to 2.62% after the data was released.