The U.S. economy expanded at an annualized 3.4% in the third quarter, according to the government’s initial estimate, accelerating from 2.2% in the second quarter. Inflation remained elevated in September. The personal consumption expenditures price index rose 3.6% from a year earlier, while the measure excluding food and energy rose 3.1%. Both reports are subject to revision.
Israel’s completed vote count gave Prime Minister Benjamin Netanyahu’s bloc 53 of the Knesset’s 120 seats, short of the 61 needed for a majority. The main opposition won 48 seats, and Arab-led parties won 19. The results remain subject to certification and submission to President Isaac Herzog, leaving the next government unresolved.
The Energy Department awarded contracts to exchange more than 40 million barrels of crude oil from the Strategic Petroleum Reserve, completing a planned 172-million-barrel emergency release. The contracts require more than 216 million barrels to be returned to the reserve beginning in 2027.
U.S. Department of Energy [1]