Diane Swonk: Real GDP rises on consumer spending and federal outlays

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29.10.2026

Diane Swonk: Real GDP rises on consumer spending and federal outlays — GDP boosted by spending and federal outlays

Real GDP surged over the summer period, supported by increases in consumer spending, data center activity, inventories, and double-digit federal spending on both defense and non-defense outlays. However, the data show that the housing sector experienced a further slowdown. Diane Swonk shared this overview in a recent statement.

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Swonk has recently commented on other economic trends. She noted that 53% of baby boomers feel able to manage debt, compared to 42% of other age groups. Earlier, she reported that the Federal Reserve is expected to skip a rate hike in October.

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