✉news BusinessEconomy first seen 1 d ago, last 1 d ago, peak #3
US economy grows faster than expected at 3.4% in third quarter
Original: US economy beats forecasts to grow at 3.4% rate in third quarter
The US economy expanded at an annualised rate of 3.4% in the third quarter, beating forecasts. The figure points to continued resilient growth despite elevated interest rates, easing concerns about an imminent slowdown and fuelling debate over how long the Federal Reserve may keep monetary policy restrictive.
Why now: The stronger-than-expected GDP figure surprises analysts and feeds debate about the resilience of the US economy and interest rate expectations.
United StatesUS economyFederal Reserve
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Evidence
- US economy beats forecasts to grow at 3.4% rate in third quarter · Financial Times
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