Economic growth across the U.S. unexpectedly grew more than expected for the final reading of Q3 2022 Gross Domestic Product which elevated fears of higher for longer Fed rate hike activity. The final read on Q3 2022 GDP rose to 3.2% from the previous 2.9% and above the 2.9% expected. The news was good news although backward-looking and gives more fuel for the Fed to continue its aggressive rate hike stance should the economy remain firm.