The US economy grew at an annualized rate of 2.8% in the third quarter, according to the Bureau of Economic Analysis's advance estimates for GDP (gross domestic product). Economists were originally expecting an expansion of 2.9%.

In a whirlwind week for economic data, ADP reported private payrolls grew by 233,000 jobs in October, more than double estimates of 111,000. The US Bureau of Labor Statistics will report non-farm payroll figures this Friday, November 1, as part of the latest jobs report. Lastly, PCE (personal consumption expenditures) index for the month of September is due out Thursday morning.

Yahoo Finance's Morning Brief welcomes Citi economist Veronica Clark to talk more on this week's economic data.

"One really important one is shelter inflation. That's a really big component of both CPI (Consumer Price Index) and PCE, and it's been very strong for a while. But we have seen new rents slowing, it might be a bit choppy, but that does look like it should should be coming down," Clark tells Seana Smith and Brad Smith.

"Obviously, you know, as the Fed [Federal Reserve] is cutting [interest rates] we would maybe be worried about some reflation risk. But where you would expect to see that first is a sector like housing, we really don't see much upward pressure on home prices."

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Luke Carberry Mogan.