From the Left · Read · October 29, 2026
Oct 29 ยท The economy grows at a 3.4% annual rate in the third quarter, faster than forecast, while the Fed's preferred inflation gauge rises to 3.6% in September
ABC News: US economy grew at 3.4% annualized rate in 3rd quarter, government data shows
Grade B (82/100). ABC reports the 3.4% growth rate against earlier quarters, the role of AI spending, Fed Chair Kevin Warsh's comments and market odds of a December rate hike.
B: Leaves out key context.
- Leaves out something important (minus 18 points): omits the September PCE inflation figures released the same morning, which CNBC and Fox Business report
Splits: ABC reports the 3.4% growth rate against earlier quarters, the role of AI spending, Fed Chair Kevin Warsh's comments and market odds of a December rate hike.
Same story: CNBC, Fox Business
More graded coverage
- This story from the left, center and right
- More from ABC News: With four days until the midterms, President Trump has canceled red-state rallies this weekend, and there is fallout in Alaska, where two people named Dan Sullivan are on the Senate ballot. ABC News' Jonathan Karl reports. (C)
- More from ABC News: Binance estimates security breach impact at $6.3 billion (B)
- More from ABC News: Google misses revenue expectations, Alphabet stock sinks in early after-hours trading (B)
- Also graded October 29, 2026: Washington Examiner: Judge denies DOJ bid to isolate 20,000 California mail ballots (A)
- Also graded October 29, 2026: Washington Examiner: Amy Acton reacts to Ramaswamy Ad (B)
- Also graded October 29, 2026: The Megyn Kelly Show: Is it possible the GOP could lose a SOUTH CAROLINA senate seat? @MegynKelly and @MarkHalperin break down a shock new poll. (D)
- Every ABC News grade · Scores by outlet
- All stories from October 29, 2026 · Today's stories