the apriljune quartergdp is expected to have rebounded last quarter after two straight quarterly declines as slowing domestic demand curbs imports and leaves a stockpile of unsold merchandise in warehousesthe atlanta fed is estimating that gdp increased at a 29 rate last quarter after falling at a 06 pace in the second quarter the government is scheduled to publish its snapshot of thirdquarter gdp at the end of this monthbut there are some glimmers of hope in the fight against inflation a separate report from the labor department on friday showed import prices dropped for a third straight month in september pulled down by falling costs for petroleum products and a strong dollar suggesting that imported inflation pressures were subsiding as global supply chains improveimport prices decreased 12 last month after declining 11 in august in the 12 months through september import prices increased 60 the smallest rise since february 2021 after advancing 78 in augustimported fuel prices dropped 75 after decreasing by the same margin in august imported petroleum prices also fell 75 while the cost of imported food rebounded 02but oil prices have likely bottomed following last weeks decision by the organization of the petroleum exporting countries and allies to cut crude productionexcluding fuel and food import prices fell 05 these socalled core import prices dipped 01 in august they increased 33 on a yearonyear basis in september the strength of the dollar is helping to limit the increase in core import pricesthe dollar has gained 105 against the currencies of the united states main trade partners since january