Yhn BusinessEconomy first seen 1 d ago, last 19 h ago, peak #11
US economy grows at 3.4% in third quarter, beating forecasts
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, exceeding analyst forecasts. The figures point to continued resilience in consumer spending and business activity despite high interest rates, and are drawing attention as markets and policymakers weigh the strength of growth against inflation risks heading into the new year.
Why now: The stronger-than-expected growth figure challenges expectations of a slowdown and has implications for interest rate policy.
United StatesUS economyFederal Reserve
Evidence
- US economy beats forecasts to grow at 3.4% rate in third quarter · alephnerd · 25
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