By MATT OTT, Associated Press Business Writer
WASHINGTON (AP) — The U.S. economy economy expanded at a surprisingly strong 4.3% annual rate in the third quarter as consumer spending, exports and government spending all grew.
Related Articles
A look at the experts racing to decode Trump’s tariff rules Wall Street at a standstill in holiday lull ahead of new US economic data Cloudy future for bourbon has Jim Beam closing Kentucky distillery for a year Waymos blocked roads and caused chaos during San Francisco power outage Instacart ends a program where users could see different prices for the same item at the same storeU.S. gross domestic product from July through September — the economy’s total output of goods and services — rose from its 3.8% growth rate in the April-June quarter, the Commerce Department said Tuesday. Analysts surveyed by the data firm FactSet forecast growth of 3% in the period.
However, inflation remains higher than the Federal Reserve would like. The Fed’s favored inflation gauge — called the personal consumption expenditures index, or PCE — climbed to a 2.8% annual pace last quarter, up from 2.1% in the second quarter.
Excluding volatile food and energy prices, so-called core PCE inflation was 2.9%, up from 2.6% in the April-June quarter.
Consumer spending, which accounts for about 70% of U.S. economic activity, rose to a 3.5% annual pace last quarter, up from 2.5% in the April-June period.
Hence then, the article about us economy expands at a surprisingly strong 4 3 annual rate in the third quarter was published today ( ) and is available on Los Angeles Daily News ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( US economy expands at a surprisingly strong 4.3% annual rate in the third quarter )
Also on site :