Daily Roundup of Key US Economic Data for Oct. 29

02:36 PM EDT, 10/29/2026 (MT Newswires) -- The advance estimate of Q3 GDP showed a 3.4% gain, up from the 2.2% increase reported in Q2, while personal spending was up 3.8%, the same as in the previous quarter. There were positive contributions from nonresidential fixed investment, change in private inventories and government spending that were offset by negative contributions from residential fixed investment and net exports. The GDP price index rose by 2.3% after a 6.1% jump in the previous quarter. The PCE price index also rose at a slower rate than in the previous quarter. Personal income was up 0.2% in September after a 0.3% gain in August, while personal consumption expenditures rose by 0.5% in September after a 0.9% increase in August. PCE prices were up 0.5% after a 0.3% gain in the previous month, lifting the year-over-year rate to 3.6% from 3.4%. Core PCE prices rose by 0.3%, the same as in the previous quarter. The year-over-year rate accelerated to 3.1% from 3.0%. Initial jobless claims decreased by 1,000 to 194,000 in the week ended Oct. 24, lowering the four-week moving average by 1,250 to 196,750, the seventh decline in the last eight weeks. Insured claims fell by 21,000 to 1.701 million in the employment survey week ended Oct. 17. Insured claims were at a level of 1.712 million in the employment survey week ended Sept. 12. Natural gas stocks rose by 80 billion cubic feet to 3.724 trillion cubic feet in the week ended Oct. 23, down 3.8% from a year earlier but 1% higher than the seasonal average for the current week over the previous five years. The initial Q4 GDP nowcast estimate from the Atlanta Fed is for a 3.2% gain. The next update is scheduled for Nov. 2.