✉news BusinessEconomy first seen 23 h ago, last 15 h ago, peak #2
US economy grew at 3.4% annualized rate in third quarter
Original: US economy grew at 3.4% annualized rate in 3rd quarter, government data shows
New government data shows the US economy expanded at a 3.4% annualized rate in the third quarter, a stronger pace of growth than many economists anticipated. The figure points to resilient consumer spending and business activity despite high interest rates. Analysts are weighing what the robust growth means for inflation and the Federal Reserve's next moves on interest rate policy.
Why now: The latest GDP report came in stronger than expected, fueling debate about the economy's resilience and Federal Reserve rate policy.
Evidence
- US economy grew at 3.4% annualized rate in 3rd quarter, government data shows · ABC News - Breaking News, Latest News and Videos
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