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U.S. GDP rises 3.4 percent in Q3, Mohamed A. El-Erian notes

U.S. GDP rises 3.4 percent in Q3, Mohamed A. El-Erian notes
U.S. GDP posts 3.4 percent gain in Q3

U.S. gross domestic product grew 3.4 percent in the third quarter, its highest rate in a year.

Mohamed A. El-Erian, chief economic adviser at Allianz, shared the data, citing a New York Times chart.

El-Erian has recently tracked shifts in global bond markets. He noted that U.S.-friendly nations, particularly in Asia, have reduced their purchases of U.S. Treasuries. In addition, he highlighted that France surpassed the UK in the largest government bond yield surge since U.S.-Israel attacks on Iran.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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