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US Economy Grows 3.1% in Q3 Thanks to Consumer Spending Boom
The U.S. economy grew at an annualized rate of 3.1 percent two, driven by a surge in consumer spending and exports, according to revised data from the Commerce Department released on Thursday. The robust growth in the third quarter highlights the resilience of the U.
Economy was even stronger than it looked in the third quarter, GDP shows. Thank consumers.
The shocking strength of the economy helps explain the Federal Reserve Scrooge-like plans for interest rate cuts next year. And the latest update on GDP over the summer offers another reminder.
US Growth Revised to 3.1% on Stronger Consumer Spending, Exports
The US economy expanded at a faster pace in the third quarter than previously estimated, owing in part to to stronger consumer spending and exports.
US third quarter GDP revised up on consumer, export boost
The world’s biggest economy grew at an annual rate of 3.1 percent in the July-September period, up from earlier estimates of 2.8 percent, the Commerce Department said. This was due to “upward revisions to exports and consumer spending,
15h
Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty
The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the ...
2d
Where Does a ‘Remarkable’ U.S. Economy Go From Here?
America’s economy is far outstripping its peers, but there are serious risks, including from the president-elect.
2d
on MSN
U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate
The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending ...
2d
US economy eyes strong finish ahead of heightened policy uncertainty in 2025
The number of Americans filing new applications for jobless benefits fell more than expected last week, almost reversing the ...
1d
on MSN
Trump voters have faith he will help economy and their finances, poll finds
One-third of swing-state voters who voted for Trump replied in an open-ended question that they voted for him because of the ...
1d
on MSN
What Would A Government Shutdown Do To The Economy?
A government shutdown as soon as this weekend could disrupt crucial services, but would likely have a limited impact on the ...
1d
World Economy To Continue Rebalancing In 2025
The range of potential economic outcomes is wide, but a solid starting point suggests resilience.
1d
For Syria’s Economy, the Way Forward Starts With Sanctions Relief
Years of strife ruined the energy sector, battered the currency and strangled growth. The West must ease financial controls ...
1d
Argentina’s Economy Expanded Faster Than Expected in October
Argentina’s economy expanded more than expected in October, continuing to show signs of recovery after surpassing growth ...
2d
2024 Year-End Review And Outlook: U.S. Economy And Global Markets
Thanks in part to robust economic momentum in 2024, a solid growth rate looks set to spill over into 2025. The main ...
15h
on MSN
Russia's economy has irreversibly turned toward a 'stagnation trap,' think tank says
"Over the past two years, Russia's economy has operated like a marathoner on fiscal steroids—and now those steroids are ...
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